Colombo: Cash-strapped Sri Lanka’s economy showed “tentative signs of improvement” but recovery remained challenging and Colombo must pursue painful reforms, the IMF said. The International Monetary Fund’s Deputy Managing Director Kenji Okamura.
Sri Lanka’s central bank on Friday decided to raise both deposit and lending interest rates. The decision was taken in anticipation of the finalization of a much-needed bailout facility from the IMF,.
On Tuesday, India informed the International Monetary Fund (IMF) it would support Sri Lanka’s debt restructuring plan. A source with direct knowledge of the matter said that the island nation raced.
Twenty-six more Sri Lankan students arrived in Pakistan to study in Pakistani universities at BS, MS, and Ph.D. levels under Allama Iqbal Scholarships for Sri Lankan Students. These scholarships are part of.
Colombo: On Oct 21, Sri Lanka’s parliament passed a constitutional amendment aimed at trimming presidential powers. The amendment would also beef up anti-corruption safeguards and help to find a way out of.
Colombo: On Aug 24, an International Monetary Fund (IMF) team met Sri Lanka’s president for talks on a bailout, including restructuring debt of about $29 billion, amid the nation’s worst financial crisis..
Colombo: Sri Lanka’s state of emergency imposed in the middle of last month would not be extended beyond this week, President Ranil Wickremesinghe’s media office said on Tuesday. Wickremesinghe’s office cited.
Colombo: Sri Lanka’s state-run electricity cartel would raise tariffs by a stinging 264% for people consuming the least, it announced on Tuesday. The loss-making Ceylon Electricity Board (CEB) said the regulator had.
Colombo: On July 24, Sri Lanka’s new President Ranil Wickremesinghe told diplomats that only non-violent protests against his government would be allowed to continue. “President Ranil Wickremesinghe has reaffirmed Sri Lanka’s commitment.
Galle: Pakistan’s Abdullah Shafique smashed his second test hundred to put the tourists on course to accomplish a massive chase. Pakistan finished on 222-3 needing 120 runs to grab the lead in.
On July 8, Police in Sri Lanka’s commercial capital Colombo imposed a curfew after firing tear gas and using a water cannon on student protesters. The action was taken ahead of a.
On Tuesday, Sri Lanka approved a four-day work week for public sector workers to help them cope with a chronic fuel shortage and encourage them to grow food. The decision was taken.
Colombo: It emerged on Tuesday that the cash-strapped Sri Lanka would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay for food.
Colombo: On April 22, Sri Lanka’s finance minister said that its neighbour India and the World Bank were considering extending about $2 billion in bridge finance. The decision is taken outrightly so.
Colombo: Sri Lanka’s outgoing finance minister said on Thursday said that it must urgently seek funds from multilateral lenders and aim to restructure a debt payment due in July. The country is.
Officials said on Wednesday that two ground members of staff at an international cricket stadium in Sri Lanka were murdered in an elephant attack.
The two workers were attacked outside the Suriyawewa Mahinda.
Sialkot: On Sunday, the Punjab police has identified and arrested six more of the primary alleged culprits involved in the lynching of 49-year-old Sri Lankan factory manager Priyantha Kumara over blasphemy accounts..
ISLAMABAD, Oct 11 (APP): The speakers during “Book Launching” on Pakistan-Sri Lanka Free Trade Agreement (PSFTA) have agreed that through the proper execution of the agreement both the countries would increase their.
