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Sri Lanka IMF

IMF approves third review of Sri Lanka’s $2.9bn bailout

COLOMBO: The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on...

Published 23 Nov, 2024 01:16pm

World

Sri Lanka expects IMF staff level agreement on Friday to release further bailout funds

COLOMBO: Sri Lanka expects the IMF to announce a staff level agreement on its third review of the country’s bailout...

Published 21 Nov, 2024 01:15pm

World

Sri Lankans vote with issues of welfare, economic reforms at stake

COLOMBO: Sri Lankans began voting on Thursday in a snap election to decide if the Indian Ocean island will give its...

Published 14 Nov, 2024 12:07pm

World

Sri Lanka’s key inflation rate falls to 0.5% in August

BENGALURU/COLOMBO: Sri Lanka’s key inflation rate fell to 0.5% in August on the year from 2.4% last month, the...

Published 30 Aug, 2024 04:53pm

World

Sri Lanka president defends IMF bailout in campaign launch

COLOMBO: Sri Lanka had no option but to agree to an International Monetary Fund bailout that required tough...

Published 29 Aug, 2024 03:16pm

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 says

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

Published 02 Aug, 2024 01:32pm

Business & Finance

Sri Lanka inflation rises to 2.4% on year in June

COLOMBO: Sri Lanka’s consumer price inflation rose to 2.4% year-on-year in June from 1.6% in May, official data...

Published 22 Jul, 2024 03:05pm

World

Sri Lanka scraps plan to sell loss-making national airline

COLOMBO: Sri Lanka has scrapped plans to sell off its indebted national airline despite shortlisting three potential...

Published 19 Jul, 2024 01:50pm

Markets

Sri Lanka to cut power prices by 22.5% from Tuesday

COLOMBO: Sri Lanka will cut power prices by 22.5% from Tuesday, the utilities regulator said, as the Indian Ocean...

Published 15 Jul, 2024 03:43pm

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

Markets

Sri Lanka bond holders agree to take 28% haircut: govt

COLOMBO: Sri Lanka’s private creditors have accepted a 28 percent haircut on $12.5 billion in sovereign bonds, the...

Published 04 Jul, 2024 11:40am

World

Sri Lanka’s economic crisis and debt deal with bilateral creditors

COLOMBO: Sri Lanka signed an agreement with its bilateral creditors led by Japan and India, Sri Lankan president’s...

Published 26 Jun, 2024 03:15pm

World

Sri Lanka likely to sign bilateral debt agreements on Wednesday, foreign minister says

COLOMBO: Sri Lanka was expecting to sign the bilateral debt restructuring agreements with key creditors Japan and...

Published 25 Jun, 2024 11:56am

World

Sri Lanka’s economic recovery strengthens in first quarter

COLOMBO: Sri Lanka’s economy grew 5.3% year-on-year in the first three months of 2024, official data showed on...

Published 14 Jun, 2024 05:34pm

Business & Finance

‘Procedural issues’ delaying Sri Lanka debt deal: IMF

COLOMBO: Sri Lanka’s planned foreign debt restructure after an unprecedented economic crisis has been delayed by...

Published 14 Jun, 2024 11:54am

World

IMF approves second review of Sri Lanka’s $2.9bn bailout, warns of economic risks

COLOMBO: The International Monetary Fund (IMF) approved the second review of Sri Lanka’s $2.9 billion bailout, but...

Published 13 Jun, 2024 10:52am

Business & Finance

Sri Lanka to start talks with Malaysia on free trade agreement

COLOMBO: Sri Lanka will start talks on a free trade agreement with Malaysia as it seeks to improve trade ties to...

Published 12 Jun, 2024 03:16pm

World

Sri Lanka cabinet approves new economic law to meet IMF targets

COLOMBO: Sri Lanka’s cabinet has approved a new economic law that will cover key targets set by the International...

Published 14 May, 2024 02:38pm

Business & Finance

Sri Lanka aims to halve debt servicing costs, central bank chief says

COLOMBO: Sri Lanka is committed to achieving debt sustainability at the earliest and aims to halve the servicing...

Published 07 May, 2024 02:41pm

World

Sri Lanka detains nearly 15,000 in drug crackdown

COLOMBO: Sri Lanka’s police announced Sunday the arrests of nearly 15,000 people during a week-long military-backed...

Published 24 Dec, 2023 10:21am

World

World Bank releases $250mn to boost Sri Lanka reforms

COLOMBO: The World Bank said Wednesday it had released $250 million to support bankrupt Sri Lanka’s tough economic...

Published 20 Dec, 2023 05:44pm

World

Sri Lanka records first growth after debt default

COLOMBO: Sri Lanka’s economy grew in the September quarter, the central bank said Saturday, its first expansion...

Published 16 Dec, 2023 03:21pm

World

Sri Lanka grows 1.6% in Q3, first economic expansion in six quarters

COLOMBO: Sri Lanka’s economy grew by 1.6% in the quarter from July to September for the first time in six quarters,...

Published 15 Dec, 2023 05:06pm

Business & Finance

Sri Lanka extends restrictions on outward remittances by 6 months

Sri Lanka extended restrictions on outward remittances by six months to manage foreign exchange reserves, cabinet...

Published 12 Dec, 2023 01:17pm

World

Sri Lanka approves VAT hike to 18% ahead of IMF review

COLOMBO: Sri Lanka’s parliament approved a hike in value-added tax (VAT)to 18% from 15% on Monday ahead of the...

Published 11 Dec, 2023 07:09pm

Business & Finance

Sri Lanka lifts import ban on trucks, heavy vehicles

COLOMBO: Sri Lanka on Tuesday lifted a ban on imports of trucks and other heavy vehicles for the first time since...

Published 15 Aug, 2023 01:31pm

World

Sri Lanka seeks reclassification for cheaper ADB funding

Sri Lanka’s Foreign Minister Ali Sabry met the vice president of the Asian Development Bank on Tuesday seeking a...

Published 02 May, 2023 02:17pm

Markets

IMF raises Asia’s economic forecast on China recovery, warns of risks

The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned...

Published 02 May, 2023 10:59am

Business & Finance

Chinese state-owned firm to build major Sri Lanka port complex

COLOMBO: A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by...

Published 01 May, 2023 05:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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