Pakistan adopts painful economic path to secure IMF bailout
* Pakistan faces balance of payments crisis * Government sharply lowers fiscal deficit target to 4.9% of GDP * StepsContinue Reading
Category: Business Briefing
Sri Lanka business tycoon Dhammika Perera to replace President’s brother in parliament
COLOMBO (Reuters) – One of Sri Lanka’s richest businessmen will replace the president’s brother in parliament, a ruling party officialContinue Reading
World Bank slashes global growth forecast to 2.9%, warns of 1970s-style stagflation
KEY POINTS The World Bank slashed its global growth forecast on Tuesday to 2.9% for 2022. The Bank warned thatContinue Reading
China Shifting Focus to Southeast Asia, Sri Lanka President Says
(Bloomberg) — China appears to be shifting its strategic focus toward Southeast Asia and Africa, Sri Lanka’s President Gotabaya RajapaksaContinue Reading
Sri Lanka will need $5 bln in next six months for essentials -prime minister
COLOMBO, June 7 (Reuters) – Sri Lanka’s cash-strapped government will need at least $5 billion in the next six monthsContinue Reading
Sri Lanka Can’t Use $1.5 Billion China Swap on IMF Concerns
(Bloomberg) — Bankrupt Sri Lanka can’t tap a $1.5 billion credit line from China as the Chinese are concerned theContinue Reading
Sri Lanka seeking $3 Billion under IMF Extended Fund Facility – sources
COLOMBO/LONDON, June 1 (Reuters) – Sri Lanka is in talks with the International Monetary Fund (IMF) to borrow at least $3 billionContinue Reading
Crisis-hit Sri Lanka Hikes Tax Rates To Maximise Govt Revenues as Inflation Hits a Record 39% in May
Sri Lanka’s cash-strapped government on Tuesday announced a taxation overhaul to boost revenue amid the country’s crippling economic crisis, hikingContinue Reading
Sri Lanka appeals for farmers to plant more rice as food shortage looms
COLOMBO, May 31 (Reuters) – Sri Lanka wants farmers to plant more rice as part of plans to avert aContinue Reading
IMF says good progress made studying Sri Lanka economy situation; Lending would require adequate debt assurances, fund says
(BLOOMBERG)-THE International Monetary Fund (IMF) said it made “good progress” in analysing Sri Lanka’s economic situation and identifying policy priorities, while cautioningContinue Reading
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