Trends - Sri Lanka economic crisis

Sri Lanka economic crisis

Bankrupt Sri Lanka to seek debt moratorium until 2028

COLOMBO: Sri Lanka’s president said Wednesday he was seeking a moratorium on foreign debt repayments until 2028,...

Published 06 Mar, 2024 02:56pm

Business & Finance

Sri Lanka sweetens deal to sell national airline

COLOMBO: Sri Lanka said Tuesday it would assume $510 million of debt to help find a buyer for its loss-making...

Published 06 Mar, 2024 04:18am

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

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

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

Published 07 Mar, 2023 07:08pm

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 says treasury running dry, cuts spending

COLOMBO: Bankrupt Sri Lanka announced on Tuesday sharp government spending cuts and warned it had barely enough...

Published 11 Jan, 2023 05:53am

World

Sri Lanka expects up to $8bn more in loans, asset restructuring

COLOMBO: Sri Lanka is expecting as much as $5 billion in loans next year from multilateral agencies besides an IMF...

Published 19 Dec, 2022 07:10am

Business & Finance

Sri Lanka aims to nearly double tax revenue by 2026, says president

COLOMBO: Sri Lanka aims to nearly double its tax revenue to around 15% of gross domestic product by 2026 from 8.5%...

Published 20 Oct, 2022 05:36am

World

Sri Lanka faces ‘great danger’ as crisis drags

COLOMBO: Sri Lanka faces a “great danger” with fuel shortages sparked by its unprecedented economic crisis set ...

Published 04 Aug, 2022 07:37am

Opinion

Energy sector needs to innovate competitively

The South Asian subcontinent is facing a massive energy crisis, which has placed regional governments on edge,...

Published 04 Aug, 2022 06:25am

World

Rights group seeks arrest of former Sri Lanka president Rajapaksa in Singapore

COLOMBO: A rights group documenting alleged abuses in Sri Lanka has filed a criminal complaint with Singapore’s...

Published 24 Jul, 2022 04:53pm

Imran steps up criticism of ‘Zardari-Sharif Mafia’

ISLAMABAD: After Pakistan Tehreek-e-Insaf (PTI) failed to get elected Chaudhry Pervaiz Elahi – the joint candidate...

Updated 24 Jul, 2022 09:03am

Pakistan

Pakistan not far from 'Sri Lanka moment': Imran Khan

PTI chief says public will soon pour out on streets to protest corruption

Updated 23 Jul, 2022 07:40pm

World

Sri Lankan security forces raid protest camp as new leaders sworn in

COLOMBO: Sri Lankan security forces raided and partially cleared a protest camp occupying government grounds in...

Published 22 Jul, 2022 08:04pm

World

China's Xi offers Sri Lanka's new president support amid crisis

BEIJING: Chinese President Xi Jinping offered Sri Lanka's new president his support on Friday, state broadcaster ...

Published 22 Jul, 2022 05:33pm

Markets

Sri Lankan shares inch lower; security forces raid protest camp

Sri Lankan shares ended lower on Friday, snapping five sessions of gains, while security forces raided a protest...

Published 22 Jul, 2022 04:49pm

CIA claims chaos-hit Sri Lanka made ‘dumb bets’ on China

Stresses it should serve as warning to other nations

Updated 22 Jul, 2022 09:42am

World

Sri Lanka’s new president to appoint ally of ousted Rajapaksa as PM

COLOMBO: New Sri Lankan President Ranil Wickremesinghe will appoint an ally of the ousted Rajapaksa dynasty as prime...

Published 21 Jul, 2022 08:05pm

World

Sri Lanka swears in new president amid worst economic crisis in decades

COLOMBO: Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka’s new president on Thursday, a day after...

Published 21 Jul, 2022 11:33am

World

New Sri Lanka leader vows tough line against troublemakers

COLOMBO: Sri Lanka’s president-elect vowed on Wednesday to take tough action against anyone resorting to what he...

Published 21 Jul, 2022 06:37am

Six-time PM Wickremesinghe elected Sri Lanka president

COLOMBO: Six-time prime minister Ranil Wickremesinghe was elected as crisis-wracked Sri Lanka’s new president in a...

Published 21 Jul, 2022 05:40am

Opinion

Ambitious reforms: need of the hour

With the glaring example of Sri Lanka defaulting on its debt, the risk of Pakistan facing a similar fate should be ...

Published 19 Jul, 2022 06:00am

World

Sri Lanka court bars former prime minister from leaving the country: anti-corruption group

COLOMBO: Sri Lanka’s top court on Friday barred former Prime Minister Mahinda Rajapaksa and former Finance Minister...

Published 15 Jul, 2022 05:12pm

World

G20 talks overshadowed by Ukraine war as host Indonesia seeks consensus

NUSA DUA: G20 finance leaders meeting in Bali must make progress tackling the global economic threats sparked by...

Published 15 Jul, 2022 09:36am

World

Sri Lanka president submits resignation from Singapore

COLOMBO: Sri Lanka’s president submitted his resignation shortly after reaching Singapore on Thursday, the...

Published 15 Jul, 2022 06:20am

Sri Lanka president seeks seaborne escape after airport standoff

COLOMBO: Sri Lanka’s president headed to a naval base Tuesday with a view to fleeing his island by ship following ...

Published 13 Jul, 2022 05:48am

World

Sri Lanka cabinet to make way for unity govt amid political and economic meltdown

COLOMBO: Sri Lanka’s president and the cabinet will make way for a unity government, the prime minister’s office...

Published 11 Jul, 2022 05:40pm

World

Pope expresses solidarity with people of Sri Lanka

VATICAN CITY: Pope Francis on Sunday expressed solidarity with the people of Sri Lanka who "continue to suffer from...

Published 10 Jul, 2022 03:53pm

World

Calm in Sri Lanka as president, premier to quit over economic collapse

COLOMBO: Calm returned to the streets of Sri Lanka's commercial capital Colombo on Sunday and protesters were...

Published 10 Jul, 2022 11:01am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.03 ▲ 0.42 (16.09%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Arctic Textile / May 15 Arctic Textile Mills Limited(ARCTM)	23.63 ▲ 2.15 (10.01%)
AN Textile Mills / May 15 AN Textile Mills Limited(ANTM)	11.87 ▲ 1.08 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Otsuka Pakistan / May 15 Otsuka Pakistan Limited(OTSU)	229.33 ▲ 20.85 (10%)

Stock	Price
Tariq Corp.Pref. / May 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.11 ▼ -1 (-12.33%)
Baba Farid Sugar / May 15 Baba Farid Sugar Mills Limited(BAFS)	52.60 ▼ -5.83 (-9.98%)
TPL Life Insur. / May 15 TPL Life Insurance Limited(TPLL)	46.80 ▼ -4.5 (-8.77%)
Reliance Weaving / May 15 Reliance Weaving Mills Limited(REWM)	101 ▼ -8.95 (-8.14%)
Tri-Star Mutual / May 15 Tri-Star Mutual Fund Limited(TSMF)	8.10 ▼ -0.7 (-7.95%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	27.10 ▼ -2.19 (-7.48%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.66 ▼ -4.28 (-7.14%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.12 ▼ -0.9 (-6.91%)
First Elite Cap.Mod / May 15 First Elite Capital Modaraba(FECM)	18.35 ▼ -1.3 (-6.62%)
Olympia Mills / May 15 Olympia Mills Limited(OML)	52 ▼ -3.53 (-6.36%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	39,651,881 ▲ 1.95
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	39,060,509 ▲ 0.13
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	35,083,110 ▲ 0.35
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	26,754,665 ▲ 3.36
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	25,150,507 ▲ 0.22
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	20,878,997 ▲ 0.26
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	19,746,035 ▲ 0.8
B.O.Punjab / May 15 The Bank of Punjab(BOP)	14,975,262 ▲ 0.1
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	14,199,025 ▲ 1.59
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	13,408,108 ▲ 0.02

Markets →

Budget 2024-25: income tax calculator for FY25

Sri Lanka economic crisis

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