Sri Lanka's low tax regime causes adverse spillover effects over economy

May 31, 2022

Colombo [Sri Lanka], May 31 : Due to the introduction of a low tax regime in 2019 followed by the impact of COVID-19 on...

Prolonged gas outage causes adverse effects on economy: Pak Minister

Jan 31, 2022

Karachi [Pakistan], January 31 : Amid the gas crisis in Pakistan's Sindh, the country's Provincial Minister for Industries & Commerce and Cooperative Department Jam...

Ban on opium cultivation can have adverse effects on Afghan economy: Report

Apr 15, 2022

Kabul [Afghanistan], April 15 : Amidst the worldwide disapproval of the Taliban's reign in Afghanistan, the probable ban on opium cultivation by them will...

IMF prescribes tax raise, social safety measures to Sri Lanka for financial stability

Mar 27, 2022

Colombo [Sri Lanka], March 27 : The International Monetary Fund (IMF) on Friday recommended a number of measures for macroeconomic stability in Sri Lanka...

Sri Lanka's liquid reserves plummeted below USD 50 million, Finance Minister raises concerns

May 04, 2022

Colombo [Sri Lanka], May 4 : In the face of an adverse economic crisis in Sri Lanka, Finance Minister Ali Sabry raised concerns over...

Sri Lanka plans to talk with IMF on April 18, says Finance Minister

Apr 14, 2022

Colombo [Sri Lanka], April 14 : Sri Lanka is planning to start the talk with the International Monetary Fund (IMF) on April 18 to...