Trends - Sri Lanka economic crisis

Sri Lanka economic crisis

Bankrupt Sri Lanka to seek debt moratorium until 2028

COLOMBO: Sri Lanka’s president said Wednesday he was seeking a moratorium on foreign debt repayments until 2028,...

Published 06 Mar, 2024 02:56pm

Business & Finance

Sri Lanka sweetens deal to sell national airline

COLOMBO: Sri Lanka said Tuesday it would assume $510 million of debt to help find a buyer for its loss-making...

Published 06 Mar, 2024 04:18am

World

China offers Sri Lanka debt moratorium, promises deal on debt treatment: letter

COLOMBO: The Export-Import Bank of China has told Sri Lanka it will not seek immediate repayment of debt for 2022...

Published 08 Mar, 2023 12:25pm

Business & Finance

IMF board poised to approve $2.9bn Sri Lanka bailout on 20th

WASHINGTON: The International Monetary Fund on Tuesday said Sri Lanka has secured financing assurances from all ...

Published 08 Mar, 2023 06:20am

World

IMF board poised to approve $2.9bn Sri Lanka bailout on March 20

WASHINGTON: The International Monetary Fund (IMF) on Tuesday said Sri Lanka has secured financing assurances from...

Published 07 Mar, 2023 07:08pm

Business & Finance

Sri Lanka to relax currency band as it moves towards market-driven exchange rate

COLOMBO: Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts...

Published 06 Mar, 2023 08:09am

World

Sri Lanka says treasury running dry, cuts spending

COLOMBO: Bankrupt Sri Lanka announced on Tuesday sharp government spending cuts and warned it had barely enough...

Published 11 Jan, 2023 05:53am

World

Sri Lanka expects up to $8bn more in loans, asset restructuring

COLOMBO: Sri Lanka is expecting as much as $5 billion in loans next year from multilateral agencies besides an IMF...

Published 19 Dec, 2022 07:10am

Business & Finance

Sri Lanka aims to nearly double tax revenue by 2026, says president

COLOMBO: Sri Lanka aims to nearly double its tax revenue to around 15% of gross domestic product by 2026 from 8.5%...

Published 20 Oct, 2022 05:36am

World

Sri Lanka faces ‘great danger’ as crisis drags

COLOMBO: Sri Lanka faces a “great danger” with fuel shortages sparked by its unprecedented economic crisis set ...

Published 04 Aug, 2022 07:37am

Opinion

Energy sector needs to innovate competitively

The South Asian subcontinent is facing a massive energy crisis, which has placed regional governments on edge,...

Published 04 Aug, 2022 06:25am

World

Rights group seeks arrest of former Sri Lanka president Rajapaksa in Singapore

COLOMBO: A rights group documenting alleged abuses in Sri Lanka has filed a criminal complaint with Singapore’s...

Published 24 Jul, 2022 04:53pm

Imran steps up criticism of ‘Zardari-Sharif Mafia’

ISLAMABAD: After Pakistan Tehreek-e-Insaf (PTI) failed to get elected Chaudhry Pervaiz Elahi – the joint candidate...

Updated 24 Jul, 2022 09:03am

Pakistan

Pakistan not far from 'Sri Lanka moment': Imran Khan

PTI chief says public will soon pour out on streets to protest corruption

Updated 23 Jul, 2022 07:40pm

World

Sri Lankan security forces raid protest camp as new leaders sworn in

COLOMBO: Sri Lankan security forces raided and partially cleared a protest camp occupying government grounds in...

Published 22 Jul, 2022 08:04pm

World

China's Xi offers Sri Lanka's new president support amid crisis

BEIJING: Chinese President Xi Jinping offered Sri Lanka's new president his support on Friday, state broadcaster ...

Published 22 Jul, 2022 05:33pm

Markets

Sri Lankan shares inch lower; security forces raid protest camp

Sri Lankan shares ended lower on Friday, snapping five sessions of gains, while security forces raided a protest...

Published 22 Jul, 2022 04:49pm

CIA claims chaos-hit Sri Lanka made ‘dumb bets’ on China

Stresses it should serve as warning to other nations

Updated 22 Jul, 2022 09:42am

World

Sri Lanka’s new president to appoint ally of ousted Rajapaksa as PM

COLOMBO: New Sri Lankan President Ranil Wickremesinghe will appoint an ally of the ousted Rajapaksa dynasty as prime...

Published 21 Jul, 2022 08:05pm

World

Sri Lanka swears in new president amid worst economic crisis in decades

COLOMBO: Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka’s new president on Thursday, a day after...

Published 21 Jul, 2022 11:33am

World

New Sri Lanka leader vows tough line against troublemakers

COLOMBO: Sri Lanka’s president-elect vowed on Wednesday to take tough action against anyone resorting to what he...

Published 21 Jul, 2022 06:37am

Six-time PM Wickremesinghe elected Sri Lanka president

COLOMBO: Six-time prime minister Ranil Wickremesinghe was elected as crisis-wracked Sri Lanka’s new president in a...

Published 21 Jul, 2022 05:40am

Opinion

Ambitious reforms: need of the hour

With the glaring example of Sri Lanka defaulting on its debt, the risk of Pakistan facing a similar fate should be ...

Published 19 Jul, 2022 06:00am

World

Sri Lanka court bars former prime minister from leaving the country: anti-corruption group

COLOMBO: Sri Lanka’s top court on Friday barred former Prime Minister Mahinda Rajapaksa and former Finance Minister...

Published 15 Jul, 2022 05:12pm

World

G20 talks overshadowed by Ukraine war as host Indonesia seeks consensus

NUSA DUA: G20 finance leaders meeting in Bali must make progress tackling the global economic threats sparked by...

Published 15 Jul, 2022 09:36am

World

Sri Lanka president submits resignation from Singapore

COLOMBO: Sri Lanka’s president submitted his resignation shortly after reaching Singapore on Thursday, the...

Published 15 Jul, 2022 06:20am

Sri Lanka president seeks seaborne escape after airport standoff

COLOMBO: Sri Lanka’s president headed to a naval base Tuesday with a view to fleeing his island by ship following ...

Published 13 Jul, 2022 05:48am

World

Sri Lanka cabinet to make way for unity govt amid political and economic meltdown

COLOMBO: Sri Lanka’s president and the cabinet will make way for a unity government, the prime minister’s office...

Published 11 Jul, 2022 05:40pm

World

Pope expresses solidarity with people of Sri Lanka

VATICAN CITY: Pope Francis on Sunday expressed solidarity with the people of Sri Lanka who "continue to suffer from...

Published 10 Jul, 2022 03:53pm

World

Calm in Sri Lanka as president, premier to quit over economic collapse

COLOMBO: Calm returned to the streets of Sri Lanka's commercial capital Colombo on Sunday and protesters were...

Published 10 Jul, 2022 11:01am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

Markets →

Budget 2024-25: income tax calculator for FY25

Sri Lanka economic crisis

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