AIRLINK 80.55 Increased By ▲ 1.14 (1.44%)
BOP 5.28 Decreased By ▼ -0.05 (-0.94%)
CNERGY 4.39 Increased By ▲ 0.01 (0.23%)
DFML 34.79 Increased By ▲ 1.60 (4.82%)
DGKC 76.90 Increased By ▲ 0.03 (0.04%)
FCCL 20.65 Increased By ▲ 0.12 (0.58%)
FFBL 33.50 Increased By ▲ 2.10 (6.69%)
FFL 9.75 Decreased By ▼ -0.10 (-1.02%)
GGL 10.20 Decreased By ▼ -0.05 (-0.49%)
HBL 118.45 Increased By ▲ 0.52 (0.44%)
HUBC 135.60 Increased By ▲ 1.50 (1.12%)
HUMNL 7.04 Increased By ▲ 0.04 (0.57%)
KEL 4.67 No Change ▼ 0.00 (0%)
KOSM 4.70 Decreased By ▼ -0.04 (-0.84%)
MLCF 37.60 Increased By ▲ 0.16 (0.43%)
OGDC 137.00 Increased By ▲ 0.30 (0.22%)
PAEL 23.04 Decreased By ▼ -0.11 (-0.48%)
PIAA 27.17 Increased By ▲ 0.62 (2.34%)
PIBTL 6.91 Decreased By ▼ -0.09 (-1.29%)
PPL 113.40 Decreased By ▼ -0.35 (-0.31%)
PRL 27.49 Decreased By ▼ -0.03 (-0.11%)
PTC 14.75 No Change ▼ 0.00 (0%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.67 Decreased By ▼ -0.83 (-1.23%)
SSGC 11.05 Decreased By ▼ -0.04 (-0.36%)
TELE 9.27 Increased By ▲ 0.04 (0.43%)
TPLP 11.58 Increased By ▲ 0.02 (0.17%)
TRG 71.92 Decreased By ▼ -0.18 (-0.25%)
UNITY 25.60 Increased By ▲ 0.78 (3.14%)
WTL 1.36 Decreased By ▼ -0.04 (-2.86%)
BR100 7,590 Increased By 64.4 (0.86%)
BR30 24,769 Increased By 119.8 (0.49%)
KSE100 72,446 Increased By 474.4 (0.66%)
KSE30 23,926 Increased By 177.4 (0.75%)

COLOMBO: Police fired tear gas on students attempting to storm Sri Lanka’s parliament Thursday as the protesters demanded the resignation of President Gotabaya Rajapaksa over the country’s worst-ever economic crisis.

Protesters led by the Inter University Students’ Federation were about to pull down the yellow-painted iron barricades on the main drive leading to the legislature when riot police unleashed a barrage of tear gas.

The students had marched from a nearby university and closed in on the parliament building located on a man-made lake island when police moved in.

Even as the crowds dispersed, police kept firing tear gas canisters that hit shops in the nearby Diyatha Uyana park, witnesses said.

Police had earlier set up barricades around the sprawling parliament complex where a vacancy for the deputy speaker was being filled unopposed.

Sri Lanka’s 22-million population has been facing acute shortages of food, fuel and medicines for months, bringing tens of thousands onto the streets to demand the resignation of Rajapaksa and other members of his powerful ruling family.

The president and his family have made it clear that they will not step down despite escalating demonstrations across the island.

Sri Lanka’s trade unions have announced a one-day work stoppage on Friday.

The organisers of the strike have asked temples and churches to ring their bells for an hour on Friday morning in a show of solidarity.

Finance minister Ali Sabry warned on Wednesday that the country will have to endure its unprecedented economic hardships for at least two more years.

Sabry said the country now has less than $50 million in usable foreign exchange reserves, needed to finance essential goods to keep Sri Lanka’s import-dependent economy ticking over.

Official data shows reserves at $1.7 billion, but most of that figure includes a Chinese currency swap which cannot be used to pay for imports from other countries.

Sabry said the government faltered by delaying an approach to the International Monetary Fund for a bailout.

Sri Lanka’s economic crisis took hold after the coronavirus pandemic hammered income from tourism and remittances.

Last month, Colombo announced it was defaulting on its $51 billion foreign debt.

Comments

Comments are closed.