Search For "economic crisis"
Sri Lanka gets one more year to repay USD 200 mln bailout fund to Banglade
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 9 (ANI): As cash-strapped Sri Lanka struggles to emerge out of a deepening economic crisis, Bangladesh has extended the term of the USD 200 million loan to the island nation under a currency swap deal by one more year.
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Afghans worried over increase in torn currency note in Kabul markets
Updated : 3 years, 10 months ago IST
Kabul [Afghanistan], May 8 (ANI): Amidst a devastating economic crisis in Afghanistan, Afghan citizens have complained of an increase in torn currency notes in the markets of Kabul, posing serious hurdles.
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Sri Lanka defence ministry asks people to be 'patient' amid crisis
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 8 (ANI): Sri Lanka's Ministry of Defence (MoD) on Sunday requested the people to practice "utmost intelligence and patience" amid the ongoing political and economic crisis in the Island nation.
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Sri Lanka in talks with AIIB for USD 100 million emergency funding
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 8 (ANI): The China-backed Asian Infrastructure Investment Bank (AIIB) is considering granting USD 100 million in emergency support to Sri Lanka, the country's finance ministry said on Sunday.
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Protestors hoot at Sri Lanka PM during his temple visit
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 8 (ANI): Prime Minister Mahinda Rajapaksa was hooted at by protestors when he visited Anuradhapura on Sunday morning, Sri Lankan media reported.
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Afghanistan receives USD 32 million in humanitarian aid
Updated : 3 years, 10 months ago IST
Kabul [Afghanistan], May 8 (ANI): Amid a devastating economic crisis, Afghanistan received USD 32 million in humanitarian assistance on Sunday, the country's central bank informed while appreciating the humanitarian assistance of the international community.
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Complete system change needed with help of youth, says former Sri Lanka PM
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 8 (ANI): Amid the economic crisis in the country, Ranil Wickremesinghe, Sri Lanka's former Prime Minister and leader of the United National Party, said in a meeting on Saturday that Sri Lanka requires a complete system change with the help of the nation's youth.
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IMF to discuss subsidies on petroleum products, electricity and gas on arr
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 8 (ANI): International Monetary Fund's special delegation is all set to arrive in Pakistan to discuss the budget recommendations alongside subsidies on petroleum, electricity and gas with the federal government.
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Foreign diplomats, rights groups decry Sri Lanka's state of emergency
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 8 (ANI): Foreign envoys to Sri Lanka and rights groups on Saturday expressed concern over the declaration of a state of emergency by President Gotabaya Rajapaksa.
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Sri Lanka cancels leave of security forces after declaration of emergency
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 8 (ANI): Sri Lanka on Saturday cancelled the leave of security forces with immediate effect after the declaration of a state of emergency in the island nation.
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Pakistan's trade deficit swells to USD 39.3 billion in ten months
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 7 (ANI): Pakistan's trade deficit swelled to a massive USD 39.3 billion in the last 10 months of the fiscal year 2021-22, putting pressure on the country's foreign currency reserves in a sign of the worsening economic woes of the country, a media report said.
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India rubbishes report of Sri Lanka using Line of Credit to import water c
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 7 (ANI): The Indian embassy in Sri Lanka on Saturday rubbished the reports suggesting that the Sri Lankan government used the Line of Credit (LoC) extended by India during the ongoing crisis to import a water cannon vehicle.
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