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'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...

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 warns money exchanges from selling foreign currencies at higher than official rates

Mar 29, 2022

Colombo [Sri Lanka], March 29 : Sri Lanka's central bank has warned the money changers who sell foreign currencies at higher exchange rates that...

Sri Lankan Navy nabs 7 including two Pakistanis for drug smuggling

May 11, 2022

Colombo [Sri Lanka], May 11 : Sri Lanka authorities have seized 243 kg of heroin and apprehended 7 foreign nationals including two from Pakistan.

India does not have problems like Pakistan and Sri Lanka, says former RBI Governor Raghuram Rajan

Jul 30, 2022

Raipur (Chhattisgarh) [India], July 30 : India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the...