Sri Lanka faces diesel shortage as foreign exchange crisis worsens

May 05, 2022

Colombo [Sri Lanka], May 5 : Sri Lankan Minister of Power and Energy Kanchana Wijesekera on Thursday said the country is facing a shortage...

Sri Lanka inflation to reach 5% target during Q3-Q4: Central bank official

Feb 21, 2024

The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the worst financial crisis since its Independence.

India plays key role in IMF's clearance of 48-month EFF worth USD 2.9 billion to Sri Lanka

Apr 14, 2023

India earnestly supported Sri Lanka in this arduous journey of mobilizing IMF support amid a serious foreign exchange crisis and consequent harsh economic conditions.

Sri Lanka's foreign exchange crisis gets compounded by China's debt-trap diplomacy

Jan 12, 2022

Colombo [Sri Lanka], January 13 : Sri Lanka's foreign exchange crisis is compounded by its inability to meet the financial obligations initiated in co-operation...

Over 400 containers of vegetables stuck at Karachi seaport due to foreign exchange shortage

Dec 07, 2022

Owing to the lack of foreign exchange reserves in Pakistan and a reeling economic crisis, over 400 containers of imported vegetables were stuck at...

Pak economy continues to remain in shambles due to structural imbalances

Nov 28, 2022

Islamabad's foreign exchange crisis has worsened as reserves have been depleted to a critical low of USD 8 billion, compared to over USD 20...