Search For "economic crisis"
Sri Lanka: President Rajapaksa meets ex-President Srisena, discusses econo
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): President Gottabaya Rajapaksa and former President Maithripala Srisena-led Sri Lanka Freedom Party (SLFP) held a crucial meeting on Sunday evening to discuss the political and economic crisis affecting the country.
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Sri Lanka's political alliance moves bill to remove powers of executive pr
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): Sri Lanka's parliamentary group of Samagi Jana Balawegaya (SJB) on Sunday said that they have come up with a private member's bill to scrap the 20th amendment and remove the powers of the executive presidency.
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High interest rate by State Bank of Pakistan to wreck country's economy
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 10 (ANI): After the State Bank of Pakistan "surprisingly" increased the interest rate by 250 basis points, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh said, this will put a halt to the economic and commercial activ
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Sri Lanka's Prez Gotabaya Rajapaksa to hold crucial meeting with 41 MPs
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): In a bid to find a solution to the current economic, political and social crisis in the country, President Gotabaya Rajapaksa will be holding a crucial meeting with 41 MPs who recently quit the ruling dispensation.
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Amid economic crisis in Sri Lanka, ration, vegetables from India reach Col
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): As vegetables and daily ration items sent by New Delhi reached Colombo, India again stepped forward to help Sri Lanka amid the worst economic crisis in the island nation.
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Former PM Wickremesinghe alleges 'incompetent' Gotabaya govt plunged Sri L
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): Former Prime minister of Sri Lanka Ranil Wickremesinghe on Sunday accused the incumbent government of plunging the country into a deep economic and political crisis with its "incompetence in dealing with the financial challenges" while also stating tha
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Sri Lanka can overcome economic crisis provided Central Bank allowed to ru
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): Exuding confidence in overcoming the unprecedented economic crisis, the newly appointed Governor of the Central Bank of Sri Lanka, Nandalal Weerasinghe said that one of the ways to overcome the current crisis situation is to allow the Central Bank to f
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Food prices surge to 'unbearable levels' in Sri Lanka
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): Amid the unprecedented economic crisis in Sri Lanka, the price of rice has risen to "unbearable levels" in the island nation.
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People in Sri Lanka express gratitude to India for helping in need of hour
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 9 (ANI): As India continues to provide much-needed fuel in Colombo, people in Sri Lanka continue to express gratitude to its neighbouring country for helping in need of the hour.
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Amid economic decline, Pakistan faces USD 2.5 billion debt servicing oblig
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 9 (ANI): Amid a declining economy and political instability, Pakistan has to pay back foreign debt to the tune of USD 2.5 billion on account of principal and mark-up obligations during the ongoing quarter (April-June) of the current fiscal year 2021-22.
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Top Sri Lankan delegation to meet IMF officials in Washington
Updated : 3 years, 11 months ago IST
Washington [US], April 9 (ANI): Amid Sri Lanka's severe economic crisis, a high-level delegation, including the country's Central Bank Governor and other senior officials, will attend an International Monetary Fund (IMF) meeting in Washington DC today.
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Russian FM urges BRICS to band together to mitigate economic crisis
Updated : 3 years, 11 months ago IST
Moscow [Russia], April 9 (ANI/Sputnik): Russian Finance Minister Anatoly Siluanov said on Saturday that the five BRICS countries could mitigate the backlash of Western sanctions against Russia on their economies by pooling their efforts and using a range of financial instruments at their dis
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