Trends - Sri Lanka economy - Business Recorder

Sri Lanka economy

World Bank raises South Asia growth forecast to 6.4% on India demand

NEW DELHI: The World Bank raised its growth forecast for South Asia to 6.4% in 2024 from an earlier estimate of...

Published 10 Oct, 2024 12:26pm

World

Sri Lanka approves controversial foreign debt deal

COLOMBO: Sri Lanka’s new government has approved a controversial restructure of $14.7 billion in foreign commercial...

Published 05 Oct, 2024 11:30am

World

Sri Lanka gets backing from IMF, bilateral creditors for $12.5bn bondholder debt rework

COLOMBO: Sri Lanka’s $12.5 billion bondholder debt rework has received support from bilateral creditors and the...

Published 04 Oct, 2024 06:54pm

Business & Finance

Sustaining reforms critical for Sri Lanka: IMF

COLOMBO: Sri Lanka’s painful austerity measures were “bearing fruit” and must be sustained, the International...

Published 04 Oct, 2024 12:40pm

World

Sri Lanka to move forward with third review of near $3bn IMF bailout

COLOMBO: Sri Lanka plans to move ahead with the third review of its nearly $3 billion programme of support from the...

Published 03 Oct, 2024 08:48pm

Business & Finance

Sri Lanka holds rates steady, sees rosy inflation, growth outlook

COLOMBO: Sri Lanka’s central bank kept interest rates unchanged on Friday in line with expectations, citing domestic...

Published 27 Sep, 2024 01:58pm

World

Sri Lanka to begin talks with IMF to take forward $2.9bn bailout, president says

COLOMBO: Sri Lanka’s new President Anura Kumara Dissanayake said on Wednesday that he plans to begin negotiations...

Published 25 Sep, 2024 07:27pm

World

IMF says ready for talks with Sri Lanka’s new leftist government

COLOMBO: The International Monetary Fund is ready to discuss its controversial $2.9 billion bailout programme for...

Published 24 Sep, 2024 11:21am

World

Sri Lanka economy posts 4.7% growth in Q2

COLOMBO: Sri Lanka’s economy grew 4.7% year-on-year from April to June this year, official data showed on Friday, as...

Published 13 Sep, 2024 05:40pm

World

Sri Lanka’s contentious Rajapaksa scion enters presidential race

COLOMBO: Sri Lanka’s ruling party nominated a scion of the controversial Rajapaksa family Wednesday to challenge the...

Published 07 Aug, 2024 01:33pm

Business & Finance

Sri Lanka needs to raise fiscal revenue to maintain stability: IMF

COLOMBO: Sri Lanka must make further efforts to raise fiscal revenue if it is to maintain economic stability and...

Published 05 Aug, 2024 07:59am

World

Sri Lanka cuts rates to help fuel economic recovery

COLOMBO: Sri Lanka’s central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at...

Published 24 Jul, 2024 10:14am

World

Sri Lanka paves way for Musk’s Starlink to enter telecoms market

COLOMBO: Sri Lanka’s parliament approved amendments to a decades-old law on Tuesday to allow Elon Musk’s Starlink,...

Updated 09 Jul, 2024 10:13pm

World

Sri Lanka set to amend decades-old law to pave Starlink entry

COLOMBO: Sri Lanka’s parliament will vote this week to change a law to allow Elon Musk’s Starlink, the satellite...

Published 08 Jul, 2024 05:26pm

World

Sri Lanka to save $3bn in debt write-offs post bond rework, president says

COLOMBO: Sri Lanka will save $3 billion in debt write-offs from commercial creditors once a provisional deal to...

Published 05 Jul, 2024 05:28pm

World

Sri Lanka to save $5bn from bilateral debt deal

COLOMBO: Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to...

Published 02 Jul, 2024 11:56am

World

Sri Lanka inflation climbs as food prices rise

COLOMBO: Crisis-hit Sri Lanka’s annual inflation almost doubled to 1.7 percent in June, up from 0.9 percent the...

Published 29 Jun, 2024 10:49am

Business & Finance

Sri Lanka debt deal a key milestone towards restoring debt sustainability, IMF says

COLOMBO: The International Monetary Fund (IMF) said on Thursday that Sri Lanka’s agreements with China and other...

Published 27 Jun, 2024 09:56am

World

Sri Lanka seals partial debt deal after financial crash

COLOMBO: Cash-strapped Sri Lanka said Wednesday it had clinched a restructuring deal with a majority of bilateral...

Published 27 Jun, 2024 06:52am

Business & Finance

World Bank releases $250 million to bolster economic reforms in Sri Lanka

The World Bank has released a second tranche of $250 million to support economic reforms in Sri Lanka, it said in a...

Published 20 Dec, 2023 01:29pm

World

Sri Lankan leader seeks to disarm India’s China fears

COLOMBO: Sri Lanka’s president arrives in India on Thursday for his first visit to the regional powerhouse, with...

Published 18 Jul, 2023 11:41am

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

Sri Lanka president says China agrees to restructure loans

COLOMBO: Sri Lanka’s president said Tuesday that China had agreed to restructure its loans to the bankrupt island...

Updated 07 Mar, 2023 12:51pm

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’s rate hike shows commitment to rapid disinflation: IMF

COLOMBO: Sri Lanka’s decision to raise interest rates shows the crisis-hit country’s commitment to reducing...

Updated 04 Mar, 2023 03:30pm

World

Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements

COLOMBO: Sri Lanka’s central bank raised interest rates in an unexpected move on Friday in a bid to help the country...

Published 03 Mar, 2023 06:44pm

World

Sri Lanka workers defy strike ban to protest rescue plan

COLOMBO: Sri Lankan workers went on strike Wednesday in defiance of a government ban to protest a rescue plan for...

Published 01 Mar, 2023 12:47pm

Markets

World Bank’s IFC to provide Sri Lanka with $400mn financing

COLOMBO: The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri...

Published 27 Feb, 2023 12:25pm

Business & Finance

Paris Club creditors give assurances to support IMF bailout for Sri Lanka

LONDON: The Paris Club of creditors has given financing assurances to support the International Monetary Fund’s...

Published 13 Feb, 2023 05:57am

World

Sri Lanka flags return to growth, protesters demand tax cuts

COLOMBO: Sri Lanka’s economy is expected to grow again from the end of this year and the government hopes the...

Published 08 Feb, 2023 05:00pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 17	277.85
USD PKR Interbank Buying / Oct 17	277.65
USD to Japanese Yen / Oct 17	149.91
USD to Swiss Franc / Oct 17	0.87
Pound Sterling to USD / Oct 17	1.30
Euro to USD / Oct 17	1.08

Stock	Volume
S&P 500 / Oct 17	5,841.47
India Sensex / Oct 17	81,006.61
Tokyo Nikkei / Oct 17	39,049.37
Nasdaq / Oct 17	18,373.61
Hang Seng / Oct 17	20,275.40
FTSE 100 / Oct 17	8,385.13
Dow Jones / Oct 17	43,239.05
Germany DAX 30 / Oct 17	19,583.39

Item	Value
Crude Oil USD/Barrel / Oct 17	70.80
Karachi Cotton PKR/37.32 KG / Oct 17	18,085
Gold 10 Grams PKR / Oct 17	238,254
Gold Spot USD/Ounce / Oct 17	2,709.16
Cotton US¢/pound / Oct 17	71.02
Petrol/Litre / Oct 18	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Sri Lanka economy

Most Popular