Trends - Sri Lanka - Business Recorder

Sri Lanka

IMF links SL bailout to tackling corruption

COLOMBO: Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF ...

Published 22 Mar, 2023 06:24am

World

IMF approves Sri Lanka's $2.9bn bailout

COLOMBO: Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9...

Published 20 Mar, 2023 10:55pm

Markets

Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout

COLOMBO: Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil...

Published 20 Mar, 2023 03:43pm

Pakistan

Need stressed to further strengthen Pak-SL relations

PESHAWAR: High Commissioner of Sri Lankan (SL) in Pakistan Vice Admiral Mohan Wijewickrama has called for further...

Published 20 Mar, 2023 06:12am

Sports

Sri Lanka set New Zealand 285-run target

CHRISTCHURCH: Sri Lanka, bolstered by a classy century from Angelo Mathews, were all out for 302 Sunday leaving New...

Published 12 Mar, 2023 10:59am

Sports

Sri Lanka rip through top order to leave New Zealand in trouble

CHRISTCHURCH: Sri Lanka’s bowlers ripped through the New Zealand top order, including snaring the key wicket of Kane...

Published 10 Mar, 2023 10:59am

Business & Finance

Sri Lanka to announce debt restructuring strategy in April

COLOMBO: Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial...

Published 10 Mar, 2023 03:46am

World

China offers Sri Lanka debt moratorium, promises deal on debt treatment: letter

COLOMBO: The Export-Import Bank of China has told Sri Lanka it will not seek immediate repayment of debt for 2022...

Published 08 Mar, 2023 12:25pm

Business & Finance

IMF board poised to approve $2.9bn Sri Lanka bailout on 20th

WASHINGTON: The International Monetary Fund on Tuesday said Sri Lanka has secured financing assurances from all ...

Published 08 Mar, 2023 06:20am

World

Sri Lanka president says China agrees to restructure loans

COLOMBO: Sri Lanka’s president said Tuesday that China had agreed to restructure its loans to the bankrupt island...

Updated 07 Mar, 2023 12:51pm

Business & Finance

Sri Lanka to relax currency band as it moves towards market-driven exchange rate

COLOMBO: Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts...

Published 06 Mar, 2023 08:09am

World

Sri Lanka workers defy strike ban to protest rescue plan

COLOMBO: Sri Lankan workers went on strike Wednesday in defiance of a government ban to protest a rescue plan for...

Published 01 Mar, 2023 12:47pm

Markets

World Bank’s IFC to provide Sri Lanka with $400mn financing

COLOMBO: The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri...

Published 27 Feb, 2023 12:25pm

World

IMF flags debt restructuring hurdles for distressed economies

Managing Director Kristalina Georgieva's comments come on sidelines of G20 meeting

Updated 25 Feb, 2023 05:19pm

World

G20 meeting in India: where debt-ridden countries including Pakistan are in focus

LONDON: Meetings being held in India will see top officials from the Group of 20 leading economies discuss how to...

Published 24 Feb, 2023 10:17pm

World

India’s troubled Adani invests in bankrupt Sri Lanka

COLOMBO: Cash-strapped Sri Lanka on Thursday announced its first major foreign investment since it declared...

Published 23 Feb, 2023 11:48am

Sports

England’s absence robs WTC final of ‘Bazball’ buzz

NEW DELHI: This year’s World Test Championship (WTC) final will again be a party without hosts, leaving England fans...

Published 21 Feb, 2023 11:42am

Sports

New Zealand knock Sri Lanka out of T20 World Cup in 102-run rout

PAARL: New Zealand kept their Women's T20 World Cup hopes alive with a 102-run rout of Sri Lanka at Boland Park in...

Published 20 Feb, 2023 01:29am

Markets

Debt in focus as G20 finance chiefs meet in India

NEW DELHI: G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia’s...

Published 16 Feb, 2023 11:06am

Business & Finance

Paris Club creditors give assurances to support IMF bailout for Sri Lanka

LONDON: The Paris Club of creditors has given financing assurances to support the International Monetary Fund’s...

Published 13 Feb, 2023 05:57am

World

Sri Lanka bankruptcy to last until 2026: president

COLOMBO: Sri Lanka’s president said Wednesday the island nation will remain bankrupt for at least three more years...

Published 08 Feb, 2023 01:53pm

Pakistan

Khar meets Sri Lankan president

ISLAMABAD: Minister of State Hina Rabbani Khar called on President of Sri Lanka Ranil Wickramasinghe in Colombo on...

Published 05 Feb, 2023 03:10am

Markets

Deal or default: Pakistan’s economy set for an endgame

Distressed by debt, many analysts expect 'reprofiling' rather than mass write-off of payments

Published 01 Feb, 2023 01:13pm

World

Sri Lanka economy could shrink by -3.5% to -4%, president says

COLOMBO: Sri Lanka’s economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil...

Published 28 Jan, 2023 06:35pm

Markets

China’s EXIM bank gives Sri Lanka debt extension

BEIJING: China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s foreign...

Published 26 Jan, 2023 09:39am

Imran vows to seek IMF’s help after winning elections

LAHORE: Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan said if he came into power in the...

Published 26 Jan, 2023 05:58am

World

China offers Sri Lanka debt moratorium

NEW DELHI /COLOMBO: The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said...

Published 25 Jan, 2023 06:25am

Markets

Sri Lanka hopeful of completing debt restructuring in six months, says central bank chief

COLOMBO: Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring...

Published 24 Jan, 2023 12:07pm

Food inflation highest in South Asia after Sri Lanka: World Bank

ISLAMABAD: The consumer price inflation for food items in Pakistan was 35.5 per cent in December on year-on-year...

Updated 19 Jan, 2023 08:41am

World

India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF

COLOMBO: India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring...

Published 18 Jan, 2023 07:09pm

Gainers
Losers
Leaders

Stock	Price
K.S.B.Pumps / Mar 30 KSB Pumps Company Limited(KSBP)	110.72 ▲ 7.72 (7.50%)
Khairpur / Mar 30 Khairpur Sugar Mills Limited(KPUS)	72.67 ▲ 5.06 (7.48%)
Quetta Textile / Mar 30 Quetta Textile Mills Limited(QUET)	16.15 ▲ 1.12 (7.45%)
Premium Textile / Mar 30 Premium Textile Mills Limited(PRET)	430 ▲ 29.00 (7.23%)
Tandlianwala Sugar / Mar 30 Tandlianwala Sugar Mills Limited(TSML)	104.90 ▲ 6.41 (6.51%)
Tri-Star Power / Mar 30 Tri-Star Power Limited(TSPL)	13.70 ▲ 0.83 (6.45%)
Data Textile / Mar 30 Data Textiles Limited(DATM)	3.18 ▲ 0.16 (5.30%)
S.G.Power / Mar 30 S.G. Power Limited(SGPL)	6.23 ▲ 0.29 (4.88%)
Blessed Tex. / Mar 30 Blessed Textiles Limited(BTL)	349.95 ▲ 15.43 (4.61%)
Shahtaj Textile / Mar 30 Shahtaj Textile Limited(STJT)	99.90 ▲ 4.15 (4.33%)

Stock	Price
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
EFG Hermes Pak / Mar 30 EFG Hermes Pakistan Limited(EFGH)	11.93 ▼ -1.00 (-7.73%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	460.13 ▼ -37.30 (-7.50%)
Gillette Pak / Mar 30 Gillette Pakistan Limited(GLPL)	112.13 ▼ -8.98 (-7.41%)
Invest Bank / Mar 30 Invest Capital Investment Bank Limited(ICIBL)	1.11 ▼ -0.08 (-6.72%)
AL-Abbas Sugar / Mar 30 Al-Abbas Sugar Mills Limited(AABS)	345.20 ▼ -24.31 (-6.58%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.52 ▼ -0.10 (-6.17%)
Soneri Bank Ltd / Mar 30 Soneri Bank Limited(SNBL)	8.52 ▼ -0.48 (-5.33%)
Gharibwal Cement / Mar 30 Gharibwal Cement Limited(GWLC)	16.20 ▼ -0.80 (-4.71%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	290 ▼ -14.00 (-4.61%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.15
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.00
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.18
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.01
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	4,983,500 ▼ -0.03
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.12
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 0.00
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	2,763,500 ▼ -0.29
Dewan Motors / Mar 30 Dewan Farooque Motors Limited(DFML)	2,540,000 ▼ -0.06
Hascol Petrol / Mar 30 Hascol Petroleum Limited(HASCOL)	2,081,000 ▲ 0.05

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	284.05
USD PKR Interbank Buying / Mar 30	283.80
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
FTSE 100 / Mar 29	7564.27
Dow Jones / Mar 29	32717.60
Germany DAX 30 / Mar 29	15328.78
France CAC40 / Mar 29	7186.99
Tokyo Nikkei / Mar 30	27669.15
Hang Seng / Mar 30	20165.78

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

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