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 / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Sri Lanka economic crisis

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