AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,394 Increased By 99.2 (1.36%)
BR30 24,121 Increased By 266.7 (1.12%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

COLOMBO: Cash-strapped Sri Lanka appointed six more ministers on Monday to its new “economic war cabinet”, the president’s office said, but left vacant the crucial finance portfolio.

Sri Lanka is facing its worst-ever shortage of foreign exchange reserves, with the government unable to finance even the most essential imports such as food, fuel and medicines.

Last week, Prime Minister Ranil Wickremesinghe’s office said the new premier was expected to be given the additional responsibility of managing the country’s finances to pull it out of bankruptcy.

There was no explanation from President Gotabaya Rajapaksa’s office on Monday about why he was not given the job.

Political sources said several other legislators from the president’s Sri Lanka Podujana Peremuna (SLPP) party had declined to take up portfolios.

“There is tension between the SLPP and others in the unity government,” a government official involved in the cabinet formation told AFP. “At least four MPs have refused to take up ministries.”

Wickremesinghe took over earlier this month after Mahinda Rajapaksa, the president’s elder brother, resigned after months of anti-government protests turned violent, with at least nine people killed.

Wickremesinghe, 73, had pledged to put together a cross-party coalition after the previous cabinet was dissolved.

The new ministers — for fisheries, agriculture, transport, environment, culture and irrigation — were sworn in before the president at his tightly-guarded official residence in Colombo.

The delay in getting a finance minister could hinder the IMF negotiations about a bailout, the central bank chief warned on Thursday.

The country of 22 million people has been enduring severe economic hardships for months.

Consumers have been unable to access petrol, diesel and cooking gas, while staple food has been rationed. The country is also facing record inflation and lengthy daily electricity blackouts.

Comments

Comments are closed.