Search result for 'imf'

IMF Predicts Weaker Indian Economy in 2025

January 11, 2025 09:25

IMF Managing Director Kristalina Georgieva expects the Indian economy to be 'a little weaker' in 2025, citing uncertainty around global trade policies. The IMF's World Economy Outlook update will...

India's Forex Reserves Drop to $634.58 Billion

January 10, 2025 17:14

India's forex reserves declined by $5.693 billion to $634.585 billion in the week ended January 3, attributed to revaluation and RBI interventions.

Pakistan's Debt & Balance of Payments Under Control: SBP

January 9, 2025 19:48

Pakistan's central bank governor assures that the country's debt level and balance of payments are under control, with economic targets being met. He highlights the improvement in foreign...

India's Gold Import Data Revised Due to Software Error

January 9, 2025 16:18

India's gold import data has been revised downwards after a software migration error caused double counting. The issue, largely rectified, has impacted trade deficit figures.

UAE Extends USD 2 Billion Payment for Pakistan

January 7, 2025 15:42

UAE has agreed to extend the USD 2 billion payment that Pakistan was due to pay this month, according to PM Sharif. This follows a similar extension by Saudi Arabia in December. The development...

India's Forex Reserves Drop by USD 4.11 Billion - Reserve Bank

January 3, 2025 17:20

India's foreign exchange reserves declined by USD 4.11 billion to USD 640.279 billion during the week ended December 27, the Reserve Bank of India said on Friday. The drop was attributed to...

Pakistan Unveils 5-Year Economic Plan: 'Uraan Pakistan'

December 31, 2024 20:05

Pakistan Prime Minister Shehbaz Sharif launches 'Uraan Pakistan', a 5-year economic plan aiming for USD 10 billion annual investment, sustainable growth, and a trillion dollar economy by 2035.

Gold Price Forecast: To Hit Rs 90,000 in 2025? | News

December 31, 2024 10:30

Gold price is expected to rise to Rs 85,000 per 10 grams in 2025, with potential to reach Rs 90,000 on global cues and geopolitical tensions. Experts say central bank purchases and low interest...

Manmohan Singh: Welcomed Criticism, Inclusive Growth - Montek Ahluwalia

December 30, 2024 19:36

Montek Ahluwalia recalls Manmohan Singh's economic legacy, highlighting his willingness to embrace criticism and focus on inclusive growth. Singh was the architect of India's 1991 economic reforms...

WEF Annual Meeting 2025: Indian Ministers, CMs to Attend in Davos

December 28, 2024 16:53

Several Union Ministers and Chief Ministers from India will join world leaders at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, in January 2025, for discussions on...

India's Forex Reserves Drop to USD 644.391 Billion

December 27, 2024 17:31

India's foreign exchange reserves declined by USD 8.478 billion to USD 644.391 billion in the week ending December 20, according to the RBI. The decline has been attributed to revaluation and forex...

Sri Lanka Officially Ends Debt Default: Fitch Rating Upgrade

December 21, 2024 17:57

Sri Lanka has officially exited debt default after Fitch Ratings upgraded its credit rating, citing completed debt restructuring and improved macroeconomic indicators. The island nation faced a...

India's Forex Reserves Drop to USD 652.86 Billion

December 20, 2024 17:20

India's foreign exchange reserves declined by USD 1.988 billion to USD 652.869 billion in the week ended December 13, according to the Reserve Bank of India. The decline was attributed to...

Sri Lanka Lifts Vehicle Import Ban After 4 Years

December 19, 2024 11:05

Sri Lanka lifts the vehicle import ban imposed in 2020, allowing public transport vehicle imports immediately and private vehicle imports from February 2025. The move aims to boost the economy and...

Sri Lanka Wins IMF Tax Relief: President Dissanayake

December 18, 2024 16:14

Sri Lanka secures IMF tax relief & car import resumption. President Dissanayake announces agreement, including PAYE tax adjustments and debt restructuring for small businesses.

Sri Lanka Completes ISBs Exchange, Restructuring Debt

December 14, 2024 22:53

Sri Lanka successfully completes its International Sovereign Bonds exchange offer, securing debt restructuring and new securities with 98% participation. This move helps the nation maintain debt...

India's Forex Reserves Drop by USD 3.23 Billion

December 13, 2024 17:25

India's foreign exchange reserves declined by USD 3.23 billion to USD 654.85 billion in the week ended December 6, according to the Reserve Bank of India.

PIA Resumes Europe Flights: Boost for Privatisation

December 7, 2024 22:17

Pakistan International Airlines (PIA) to resume flights to Europe from Jan 10, lifting a ban imposed in 2020. This move could attract higher bids for the airline's privatisation.

India's Inclusive Growth Applauded: IMF Executive Director

December 7, 2024 06:24

IMF Executive Director Krishnamurthy V Subramanian highlights India's impressive economic growth, inclusive policies, and global recognition. He underscores the importance of wealth creation for...

Sri Lanka Interim Budget Passed Unanimously

December 6, 2024 19:20

Sri Lanka's interim budget for the first four months of 2025 was approved in parliament on Friday, covering debt servicing and government expenditure. The new NPP government aims to complete debt...

India's Forex Reserves Rise After Weeks of Decline - RBI

December 6, 2024 17:20

India's forex reserves jumped by USD 1.51 billion to USD 658.091 billion in the week ended November 29, reversing a declining trend. Read more.

Saudi Arabia Extends Pakistan Loan for Another Year

December 6, 2024 16:17

Saudi Arabia has extended a USD 3 billion loan to Pakistan for another year, providing crucial financial support to the cash-strapped nation. The move comes as Pakistan faces mounting debt...

India's Growth Offers Opportunities for US Investors: IMF's Subramanian

December 6, 2024 07:51

IMF's K V Subramanian highlights phenomenal investment opportunities in India's rapidly growing economy, projecting a USD 55 trillion economy by 2047. Learn about the potential for US investors and...

RBI Adds 27 Tonnes Gold to Reserves in October: WGC

December 5, 2024 19:04

The Reserve Bank of India (RBI) added 27 tonnes of gold to its reserves in October, leading to a surge in central bank gold buying, according to the World Gold Council (WGC).

China Remains Top Pakistan Creditor, Share Drops to 22%

December 4, 2024 15:21

China remains Pakistan's largest bilateral creditor with USD 29 billion in loans, despite its share dropping to 22%. Saudi Arabia emerged as the second-largest lender, with USD 9.16 billion. The...

Pakistan Faces Hiccups in IMF Program Implementation

December 3, 2024 20:04

Pakistan acknowledges challenges in meeting IMF program targets, including missed deadlines for debt maturity, health and education spending, and tax revenue goals.

India's Forex Reserves Drop to USD 656.5 Billion

November 29, 2024 17:21

India's forex reserves decreased by USD 1.31 billion to USD 656.582 billion in the week ended November 22, according to the Reserve Bank of India. Foreign currency assets declined, while gold...

Sri Lanka Ratifies Debt Restructuring: IMF Bailout Key

November 26, 2024 16:46

Sri Lanka's new government has ratified a debt restructuring agreement, a crucial step in securing the fourth tranche of a USD 3 billion IMF bailout package. The agreement, reached under the...

GoM Report on GST on Health Insurance to be Presented to Council - FinMin

November 25, 2024 15:14

The GoM report on GST implications for life and health insurance will be presented to the GST Council upon receipt, the Finance Minister informed Parliament. The report, which was initiated...

India's Forex Reserves Plunge by USD 17.76 Billion

November 22, 2024 17:27

India's foreign exchange reserves declined by USD 17.76 billion to USD 657.892 billion in the week ended November 15, according to the Reserve Bank of India (RBI).

PM Modi Meets World Leaders at G20 Summit, Discusses Strengthening Ties

November 19, 2024 02:14

Prime Minister Narendra Modi met with world leaders including Italy, Portugal and Indonesia at the G20 Summit in Rio De Janeiro, discussing ways to strengthen bilateral relations in various sectors.

Sri Lanka Prez Urges IMF Balance in Recovery

November 18, 2024 19:56

Sri Lanka's President Dissanayake calls on IMF to consider economic hardships while implementing recovery program, urging balance in conditions.

IMF Team Reviews Sri Lanka's Economic Reform Program

November 17, 2024 21:27

The IMF team has arrived in Sri Lanka to conduct the third review of the USD 3 billion bailout package, assessing the country's economic reform progress and debt restructuring efforts.

IMF Flags Pakistan's Tax Shortfall, Loan Delays in USD 7 Billion Package

November 16, 2024 21:49

The IMF has raised concerns about Pakistan's tax shortfall, delayed foreign loans, and inconsistencies in implementing the USD 7 billion loan package. The lender also flagged issues with Punjab's...

Sri Lanka President's Policy Statement at Parliament Inauguration

November 16, 2024 17:24

Sri Lankan President Anura Kumara Dissanayake will present his government's policy statement at the inaugural session of the new parliament on November 21. The NPP won a landslide victory, securing...

IMF Flags Pakistan's Tax Shortfall, Loan Delays in USD 7 Billion Package

November 16, 2024 12:02

The IMF has raised concerns about Pakistan's tax shortfall, delayed foreign loans, and inconsistencies in the implementation of the USD 7 billion loan package.

India's Forex Reserves Drop to USD 675.653 Billion

November 15, 2024 17:21

India's foreign exchange reserves fell by USD 6.477 billion in the week ended November 8, reaching USD 675.653 billion, according to the Reserve Bank of India. The reserves have been declining for...

Unifi Asset Management Launches Mutual Fund Operations

November 15, 2024 16:36

Unifi Asset Management, a subsidiary of Unifi Capital, has received SEBI approval to launch its mutual fund operations, bringing its absolute value investing approach to investors.

Pakistan Assures IMF of Chinese, Saudi Aid for Funding Gap

November 14, 2024 17:01

Pakistan has assured the IMF it will receive debt rescheduling from China and oil from Saudi Arabia on deferred payments to fill a USD 5 billion external funding gap. The IMF is considering...

India's Workforce to Reach 457.62 Million by 2028: Report

November 13, 2024 16:55

India's workforce is projected to increase to 457.62 million by 2028, driven by emerging technologies and job growth in sectors like tech, manufacturing, and healthcare. Learn more about the...

Pakistan Unveils 3-Month Power Relief Package

November 8, 2024 22:03

Pakistan Prime Minister Shehbaz Sharif has announced a three-month electricity relief package aimed at providing savings for consumers and businesses. The package covers December, January, and...

India's Forex Reserves Drop by USD 2.67 Billion - RBI

November 8, 2024 17:27

India's foreign exchange reserves fell by USD 2.675 billion to USD 682.13 billion in the week ended November 1, the Reserve Bank of India (RBI) reported. This decline was attributed to a drop in...

IMF to Review Pakistan Bailout Early: Key Targets Under Scrutiny

November 6, 2024 17:35

The IMF will send a review mission to Pakistan ahead of schedule to assess progress on the USD 7 billion bailout package, focusing on budget targets and economic reforms.

Sri Lanka Reverses IMF Reform for CEB Privatization

November 5, 2024 13:47

Sri Lanka's new government has reversed a key IMF bailout reform concerning the privatization of the state-owned Ceylon Electricity Board (CEB).

India's Forex Reserves Drop to $684.805 Billion - RBI

November 1, 2024 22:48

India's foreign exchange reserves declined by $3.463 billion to $684.805 billion in the week ended October 25, according to the Reserve Bank of India (RBI).

Pakistan's PIA Privatization Fails: Sole Bidder Offers Less Than Minimum

October 31, 2024 21:47

Pakistan's attempt to privatize PIA received a low bid of Rs 10 billion, far below the minimum price of Rs 85 billion, raising concerns about the success of the privatization process.

IMF Bailout at Risk as Pakistan's Economy Weakens

October 31, 2024 17:57

Pakistan's USD 7 billion IMF bailout is at risk as key economic assumptions have proven incorrect, potentially leading to renegotiations or further economic strain.

RBI Increases Domestic Gold Reserves by 102 Tonnes

October 29, 2024 19:24

The Reserve Bank of India (RBI) added 102 metric tonnes of gold to its domestic reserves in the April-September period, bringing the total to 510.46 metric tonnes. This move reflects India's...

SBI Named Best Bank in India by Global Finance - 2024

October 27, 2024 11:06

State Bank of India (SBI) has been recognized as the Best Bank in India for 2024 by Global Finance Magazine for its commitment to exceptional services and financial inclusion.

IMF Talks with Sri Lanka on Programme Review

October 25, 2024 20:25

The IMF is in talks with Sri Lanka's new administration on continuing its Extended Fund Facility programme. The third review of the bailout package is expected to start soon.

India's Forex Reserves Drop to USD 688.26 Billion

October 25, 2024 17:19

India's foreign exchange reserves declined by USD 2.163 billion to USD 688.267 billion in the week ended October 18, according to the Reserve Bank of India.

Sitharaman Calls for Deeper Dialogue on Debt Relief

October 24, 2024 23:34

India's Finance Minister Nirmala Sitharaman calls for deeper dialogue to help countries manage debt obligations without compromising critical investments at the Global Sovereign Debt Roundtable.

Sitharaman Calls for MDB Reform Roadmap

October 24, 2024 00:03

Finance Minister Nirmala Sitharaman advocates for a roadmap to reform Multilateral Development Banks (MDBs) to address the needs of emerging economies. She highlights the need for a shift in...

BRICS Boost Trade, Financial Settlement in Local Currencies

October 23, 2024 21:12

BRICS nations agree to strengthen trade and financial settlement in local currencies, explore independent cross-border settlement and depositary infrastructure, and establish a BRICS reinsurance...

Rupee Remains Flat at 84.08 Against US Dollar

October 23, 2024 16:01

The Indian rupee closed flat at 84.08 against the US dollar on Wednesday, impacted by a strong dollar and foreign fund outflows. The lackluster sentiment in domestic equity markets and volatile...

India Remains World's Largest Growing Economy: IMF

October 23, 2024 11:11

IMF says India remains the world's largest growing economy, projecting 7% growth in FY24-25. Srinivasan highlights reforms needed to further boost the economy.

IMF Predicts India's GDP Growth to Moderate in 2024-25

October 22, 2024 18:41

The IMF forecasts India's GDP growth to slow down to 7% in 2024 and 6.5% in 2025, citing the exhaustion of pent-up demand from the pandemic. Learn more about the global economic outlook.

Gold & Silver Prices Surge: Record Highs in India

October 22, 2024 17:47

Gold prices in India reached a new high of Rs 81,000 per 10 grams, while silver soared past Rs 1 lakh per kg, driven by industrial demand, geopolitical tensions, and rising consumption.

India Poised for Growth Amid Global Challenges - Sitharaman

October 22, 2024 10:30

Finance Minister Nirmala Sitharaman highlights India's economic resilience and growth prospects amidst global uncertainty, emphasizing its potential to capitalize on new opportunities.

Maldives Imposes New Foreign Currency Rules Amidst Debt Crisis

October 20, 2024 13:13

The Maldives has implemented new foreign currency regulations, requiring tourism businesses to exchange USD 500 per tourist and deposit earnings in local banks. The move comes as the country faces...

India's Forex Reserves Drop by USD 10.75 Billion

October 18, 2024 17:27

India's forex reserves fell by USD 10.75 billion to USD 690.43 billion in the week ended October 11, the RBI said, marking one of the largest decreases in recent times.

IMF Urges Pakistan to Invest in Climate Resilience

October 17, 2024 13:57

The IMF recommends Pakistan invest 1% of its GDP annually in climate resilience to prepare for extreme weather events and boost economic growth.

India's Development Aid to Sri Lanka: Investments & Grants

October 15, 2024 20:30

India has completed 60 grant projects in Sri Lanka and is implementing more, emphasizing investment and grants over debt instruments to support the nation's economic recovery.

Nirmala Sitharaman's Mexico & US Tour: G20, IMF, World Bank Meetings

October 15, 2024 18:50

Finance Minister Nirmala Sitharaman will embark on a 11-day tour to Mexico and the US to participate in G20 meetings, IMF and World Bank events, and hold bilateral discussions.

Pakistan to Repay USD 30 Billion Debt in FY25

October 14, 2024 12:07

Pakistan's central bank reveals the country will repay USD 30.35 billion in foreign debt and interest in FY25. This includes maturing foreign debt and interest payments. The country's foreign...

IMF Urges Pakistan to End Preferential Treatment for Agriculture, Textile

October 14, 2024 10:00

The IMF has called on Pakistan to eliminate preferential treatment for the agriculture and textile sectors, arguing that these sectors have hindered the country's economic growth. The IMF report...

India's Forex Reserves Drop by USD 3.71 Billion - RBI

October 11, 2024 17:21

India's forex reserves declined by USD 3.71 billion to USD 701.176 billion in the week ending October 4, according to the Reserve Bank of India (RBI).

Pakistan & Saudi Arabia Sign USD 2.2 Billion Investment Deals

October 11, 2024 01:01

Pakistan and Saudi Arabia have signed USD 2.2 billion investment deals in multiple sectors, including industry, mining, agriculture, and energy, boosting economic ties between the two nations.

Sri Lanka Economy Stabilizes: World Bank Predicts 4.4% Growth in 2024

October 10, 2024 15:47

Sri Lanka's economy has stabilized after its 2022 crisis, with the World Bank predicting 4.4% growth in 2024. However, challenges remain, including debt restructuring and poverty reduction.

Pakistan Remittances Match IMF Bailout Package

October 9, 2024 18:59

Remittances from overseas Pakistanis in the past three months have reached USD 7 billion, equaling the IMF's bailout package. This influx has boosted the Pakistani economy, with the stock market...

Sri Lanka Debt Restructuring: Jaishankar's Visit Crucial - News

October 8, 2024 16:45

Sri Lanka's Foreign Minister highlights the significance of External Affairs Minister S Jaishankar's visit in finalizing debt restructuring with international bondholders. The visit comes after a...

India's Forex Reserves Hit Record High of $704 Billion

October 4, 2024 17:26

India's forex reserves surged by $12.588 billion in the week ended Sept. 27, reaching a record high of $704.885 billion, according to the Reserve Bank of India.

India's Living Standard to Rise Steeply: FM

October 4, 2024 11:08

Finance Minister Nirmala Sitharaman predicts a significant rise in India's living standards in the coming decades, driven by economic reforms. The country is projected to nearly double its per...

Pakistan CPI at 6.9% in September: Economic Improvement?

October 1, 2024 17:20

Pakistan's consumer price index for September reached 6.9% year-on-year, staying within the central bank's target. Experts attribute this to recent monetary policies and IMF loan.

IMF Team to Discuss Loan with Sri Lanka's New Government

October 1, 2024 11:27

An IMF team will visit Sri Lanka to discuss economic reforms and a loan agreement with the new government led by President Anura Kumara Dissanayake. The visit comes as the country faces an economic...

Pakistan Cuts 150,000 Jobs, 6 Ministries in IMF Deal

September 29, 2024 20:08

Pakistan announces major reforms, including job cuts and ministry closures, as part of a USD 7 billion IMF loan agreement. The move aims to address the country's economic crisis and secure the...

India's Forex Reserves Hit Record High of $692.296 Billion - RBI

September 27, 2024 17:40

India's foreign exchange reserves surged by USD 2.838 billion to a new peak of USD 692.296 billion for the week ending September 20, according to the Reserve Bank of India (RBI).

TPG, Peak XV Sell Five-Star Stake for Rs 3,336 Crore

September 26, 2024 21:38

TPG, Peak XV Partners, and Norwest Venture Partners divest 14.24% stake in Five-Star Business Finance to investors like Goldman Sachs, Nomura, Morgan Stanley, IMF, and Fidelity for Rs 3,336 crore.

IMF Approves USD 7 Billion Bailout for Pakistan

September 26, 2024 10:10

The IMF has approved a USD 7 billion bailout package for Pakistan, including a USD 1.1 billion tranche this month. The agreement comes with strict conditions including tax increases and spending cuts.

IMF Approves $7 Billion Bailout for Pakistan

September 26, 2024 00:47

The IMF has approved a $7 billion bailout package for Pakistan, with the first tranche of $1.1 billion expected this month. The bailout comes as the country faces an economic crisis.

ADB: IMF Deal to Boost Pakistan's Growth - Economic Reforms Key

September 25, 2024 19:27

The Asian Development Bank (ADB) says Pakistan's economic reforms supported by an IMF deal will accelerate growth and ease inflation. The report highlights the IMF's role in economic stability and...

India's Economy Strong, Global Recovery Cautious: WEF

September 25, 2024 16:53

WEF survey shows chief economists optimistic about global recovery, with India leading South Asia's strong performance. However, concerns remain about debt levels and fiscal challenges.

IMF to Discuss Sri Lanka Loan with New President

September 24, 2024 09:40

The IMF will discuss the timing of the next review of Sri Lanka's loan program with the new government led by President Anura Kumara Dissanayake.

India's Forex Reserves Hit Record High of $689.45 Billion

September 20, 2024 21:13

India's foreign exchange reserves surged to a new all-time high of $689.458 billion for the week ending September 13, according to the Reserve Bank of India.

Pakistan Faces USD 100 Billion Debt Repayment in 4 Years

September 20, 2024 16:55

Pakistan faces a staggering USD 100 billion external debt repayment over the next four years, raising concerns about its ability to manage the financial burden.

Sri Lanka Reaches Debt Restructuring Deal with Creditors

September 19, 2024 18:02

Sri Lanka has reached in-principle agreements with external commercial creditors for debt restructuring, including International Sovereign Bonds and China Development Bank. This follows...

ADB to Lend Pakistan USD 2 Billion Annually: Report

September 17, 2024 11:50

The Asian Development Bank (ADB) has assured Pakistan of USD 2 billion in annual loans from 2024 to 2027, totaling USD 8 billion. The ADB will provide USD 1 billion at a concessional rate to...

Sri Lanka to Lift Vehicle Import Ban in Phases Starting Oct 1

September 14, 2024 19:24

Sri Lanka will lift its ban on vehicle imports in a phased manner starting October 1, part of its economic recovery strategy tied to IMF conditions. Public transport vehicles will be allowed first,...

Sri Lanka to Lift Vehicle Import Ban by Feb 2025

September 14, 2024 16:40

Sri Lanka will lift the ban on vehicle imports in phases by February 2025, aiming to revive the economy. The move comes after four years of import restrictions imposed due to the economic crisis.

India's Forex Reserves Hit Record High of USD 689.24 Billion

September 13, 2024 17:19

India's foreign exchange reserves surged to a new all-time high of USD 689.24 billion in the week ended September 6, driven by an increase in foreign currency assets and gold reserves.

India's Forex Reserves Hit All-Time High: USD 689.24 Billion

September 13, 2024 17:18

India's foreign exchange reserves surged to a new record high of USD 689.24 billion in the week ended September 6, driven by an increase in foreign currency assets and gold reserves.

Pakistan Cuts Interest Rates by 200 bps to 17.5%

September 12, 2024 20:41

Pakistan's central bank reduced its key policy rate by 200 basis points to 17.5%, aiming to stimulate economic growth and curb inflation. The move follows pressure for a major rate cut and a recent...

Pakistan Shelves EPZ Plan Due to IMF Opposition

September 12, 2024 17:08

Pakistan government abandons new Export Processing Zone (EPZ) plan due to IMF restrictions, highlighting the lender's influence on Pakistan's economic decisions.

Sri Lanka's Debt Sustainability: IMF Program at Risk

September 6, 2024 19:01

Sri Lanka's Finance Ministry warns that any attempt to revisit the country's debt sustainability assessment could derail the ongoing IMF bailout program, potentially delaying an agreement for...

India's Forex Reserves Hit Record High of USD 683.987 Billion

September 6, 2024 17:25

India's forex reserves surged by USD 2.3 billion to a fresh record of USD 683.987 billion in the week ending August 30, driven by an increase in foreign currency assets and gold reserves.

Pakistan Economy Stabilizing: PM Shehbaz Sharif

September 1, 2024 21:04

Pakistani Prime Minister Shehbaz Sharif announced the economy is moving towards stability, citing decreasing inflation and a credit rating upgrade by Moody's. He also expressed confidence in...

India's Forex Reserves Hit Record High of USD 681.69 Billion

August 30, 2024 17:44

India's forex reserves surged by USD 7.023 billion to a new peak of USD 681.688 billion in the week ending August 23, driven by a rise in foreign currency assets and gold reserves.

Sri Lanka Election: Wickremesinghe's Manifesto Focuses on Economic Recovery

August 29, 2024 18:08

Sri Lankan President Ranil Wickremesinghe's election manifesto emphasizes economic recovery through continued IMF program and partnerships with international creditors.

Sri Lanka Debt Deal: Renegotiation Risks IMF Bailout

August 29, 2024 16:35

Sri Lanka's foreign minister warns renegotiating debt terms could jeopardise IMF bailout, impacting World Bank and ADB funding. Economic instability is a risk.

Pakistan Traders Strike Over New Taxes

August 28, 2024 20:41

Traders across Pakistan held a nationwide strike to protest new taxes aimed at broadening the tax base, following IMF demands and a controversial 'Tajir Dost' scheme.

India's Forex Reserves Surge to USD 674.664 Billion

August 23, 2024 17:45

India's foreign exchange reserves climbed by USD 4.546 billion to USD 674.664 billion in the week ending August 16, driven by an increase in foreign currency assets and gold reserves.

Pakistan Seeks USD 4 Billion Loan from Middle East Banks

August 23, 2024 15:49

Pakistan seeks a USD 4 billion loan from Middle East banks to meet financial obligations, as the IMF approval of a USD 7 billion EFF is delayed. The country also faces high financing costs due to...

India's US Securities Holding Hits Record High of USD 241.9 Billion in June

August 18, 2024 11:22

India's holding of US government securities reached a record high of USD 241.9 billion in June, marking the third consecutive month of increased exposure. This puts India at the 12th position among...

India Needs More Reforms for Growth ''Jobs: Gita Gopinath

August 17, 2024 19:41

IMF's Gita Gopinath calls for more reforms in India to sustain growth, create jobs & reduce import tariffs for global supply chains.

India Needs More Reforms for Growth & Jobs: IMF

August 17, 2024 18:11

IMF's Gita Gopinath urges India to implement more reforms for sustained growth, job creation, and participation in global supply chains.

India Needs 148 Million Jobs by 2030: IMF

August 17, 2024 17:44

IMF's Gita Gopinath highlights India's need to create 148 million jobs by 2030 to keep pace with population growth, urging reforms and increased private investment.

India Open to Increased IMF Collaboration: FM Sitharaman

August 17, 2024 15:08

India's Finance Minister Nirmala Sitharaman met with IMF's Gita Gopinath, expressing openness to expanding collaboration with the IMF. Read more about the meeting and its implications.

India's Forex Reserves Drop $4.8 Billion to $670.11 Billion - RBI

August 16, 2024 17:39

India's foreign exchange reserves fell by $4.8 billion to $670.119 billion in the week ended August 9, according to the Reserve Bank of India.

Sri Lanka's IMF Bailout: Tax Proposal Negotiations

August 14, 2024 17:12

Sri Lankan President Wickremesinghe discusses tax proposals with the IMF as part of the USD 2.9 billion bailout package, aiming to provide relief to taxpayers.

India Can Reach $55 Trillion Economy by 2047: IMF

August 12, 2024 19:48

IMF Executive Director Subramanian says India can become a $55 trillion economy by 2047 with sustained 8% growth, highlighting the potential of compounding and the need for government investment in...

Sri Lanka Ready to Fund Increasing Presidential Candidates

August 11, 2024 20:35

Sri Lanka's Finance Minister assures sufficient funds for the upcoming presidential election despite a rising number of candidates. The country is facing a challenging economic recovery after a...

India's Forex Reserves Hit Record High of USD 674.91 Billion

August 9, 2024 17:33

India's foreign exchange reserves surged by USD 7.533 billion to a new record high of USD 674.919 billion in the week ended August 2, according to the Reserve Bank of India.

Pakistan Secures Debt Rollover, IMF Bailout Imminent

August 7, 2024 16:15

China, Saudi Arabia, and the UAE agree to roll over USD 12 billion in debt for Pakistan, paving the way for a USD 7 billion IMF bailout package.

FPIs Pump Rs 32,365 Cr into Indian Equities in July

August 4, 2024 10:41

Foreign Portfolio Investors (FPIs) invested Rs 32,365 crore in Indian equities in July, driven by policy reforms and strong economic growth. Read more about FPI investment trends.

IMF Praises Sri Lanka's Recovery, Calls for More Revenue

August 2, 2024 18:57

The IMF commends Sri Lanka's economic recovery under its bailout program, highlighting positive outcomes like GDP growth and inflation control. However, it emphasizes the need for further revenue...

India's Forex Reserves Drop to USD 667.386 Billion - RBI Data

August 2, 2024 17:34

India's foreign exchange reserves declined by USD 3.471 billion to USD 667.386 billion in the week ended July 26, according to the Reserve Bank of India (RBI).

Pakistan Paid $3.6 Billion in IMF Interest: Report

August 2, 2024 13:51

Pakistan has paid over $3.6 billion in interest on IMF loans in the last 40 years, according to the finance ministry. The country has borrowed and repaid billions from the IMF over the decades,...

Pakistan Paid $3.5 Billion IMF Interest: Senate Hearing

August 2, 2024 12:49

Pakistan has paid over USD 3.5 billion in interest to the IMF in the last 40 years, revealed in a Senate committee meeting. The country has borrowed and repaid billions from the IMF over the decades.

Sri Lanka Inflation Rises to 2.4% Ahead of Election

July 31, 2024 19:21

Sri Lanka's inflation rate jumped to 2.4% in July, driven by rising transport, food, and education costs, as the country prepares for presidential elections in September.

Digital Tech Adoption in Indian Construction - Study

July 30, 2024 19:01

Construction firms in India are embracing digital technologies to optimize project delivery, internal processes, and combat rising costs. A recent study reveals key trends and adoption rates.

India-US Economic Ties: Tax Cuts & Angel Tax Removal Boost Engagement

July 30, 2024 09:01

Prof. Subramanian highlights reduction of corporate tax, removal of Angel Tax in India's 2024 budget, boosting India-US economic ties & attracting foreign investment.

India Economy to Grow Over 7% in FY25: NCAER

July 29, 2024 17:38

NCAER forecasts India's economy to grow above 7%, potentially reaching 7.5%, in FY25, citing strong consumption, investment, and a favorable global outlook.

Pakistan Seeks Debt Reprofiling with China, Saudi Arabia, UAE

July 29, 2024 11:38

Pakistan seeks to re-profile over USD 27 billion in debt with China, Saudi Arabia and UAE to secure IMF bailout. This includes extending maturity periods of loans and converting energy sector...

FPIs Invest Rs 33,600 cr in Indian Equities in July

July 28, 2024 11:20

Foreign investors poured Rs 33,600 crore into Indian equities in July driven by policy reforms, strong earnings, and expectations of economic growth.

Union Minister Puri Defends Budget, Says it Fulfills Reorganisation Act Commitment

July 27, 2024 19:58

Union Minister Hardeep Singh Puri defends the Union budget, stating it fulfills commitments made under the State Reorganisation Act. He also highlights projects for Maharashtra and benefits for...

Pakistan Seeks Energy Loan Restructuring from China

July 27, 2024 16:59

Pakistan's finance and energy ministers are in Beijing to negotiate debt rescheduling for CPEC energy projects, amid concerns over China's reluctance and potential impact on IMF bailout.

India's Forex Reserves Hit New High at $670.857 Billion - RBI

July 26, 2024 17:18

India's foreign exchange reserves rose by USD 4 billion to a record high of USD 670.857 billion in the week ended July 19, the Reserve Bank of India said on Friday.

Japan Resumes Yen Loan Projects in Sri Lanka

July 24, 2024 19:37

Japan has resumed funding Yen Loan Projects in Sri Lanka after the country's successful debt restructuring. This decision marks a significant step in Sri Lanka's economic recovery.

Private Sector Investment to Improve: CEA

July 22, 2024 21:18

India's Chief Economic Advisor expects private sector investment to further improve in the coming months, driven by government capex and a potential uptick in Chinese FDI.

India Needs Small Reforms For Growth: CEA

July 22, 2024 20:12

India's Chief Economic Advisor says the country needs smaller, more fundamental reforms to drive growth, focusing on government efficiency and infrastructure. The IMF has raised India's growth...

India Economic Survey 2023-24: Growth Forecast, Budget Expectations

July 22, 2024 18:59

The Economic Survey of India 2023-24 forecasts a conservative 6.5-7% growth, citing global uncertainties. Experts weigh in on budget expectations for key sectors like agriculture, infrastructure...

India Economic Survey 2023-24: Conservative Growth Forecast at 6.5-7%

July 22, 2024 18:03

India's Economic Survey projects a conservative growth of 6.5-7% for 2024-25, citing global uncertainties and domestic challenges. Experts weigh in on the forecast and its implications.

Union Budget 2024: Massive Capital Expenditure Focus - Expert

July 22, 2024 14:31

Expert predicts a significant increase in capital expenditure in the upcoming Union Budget, focusing on infrastructure, manufacturing, green energy and more. Learn about potential growth drivers...

India's Short-Term Inflation Outlook Benign: Eco Survey

July 22, 2024 13:21

India's short-term inflation outlook is benign, with normal monsoon and moderating global prices. The Economic Survey 2023-24 suggests measures for long-term policy stability, including increased...

India GDP Growth Forecast 2024-25: Eco Survey

July 22, 2024 12:54

India's GDP is projected to grow at 6.5-7% in 2024-25, according to the Economic Survey 2023-24. The forecast takes into account global challenges and domestic growth drivers.

India's Forex Reserves Hit All-Time High of USD 666.85 Billion

July 19, 2024 17:21

India's forex reserves surged to an all-time high of USD 666.85 billion in the week ended July 12, driven by a USD 9.70 billion increase, according to the RBI.

IMF Forecasts India's Growth at 7% in 2024

July 16, 2024 21:20

The IMF has revised upward its projection for India's growth in 2024 to 7%, citing improved prospects for private consumption and carryover from upward revisions to growth in 2023.

China's Economic Reforms: New Plans to Halt Slowdown

July 14, 2024 09:10

China's Communist Party will unveil new economic reforms at its upcoming Plenum to address the country's economic slowdown and revitalize growth.

Pakistan Secures $7 Billion IMF Deal for Macroeconomic Stability

July 13, 2024 14:38

Pakistan's Finance Minister Aurangzeb says a new IMF deal will help stabilize the country's economy, addressing challenges caused by the pandemic, war in Ukraine, and floods. The $7 billion package...

Pakistan Secures $7 Billion IMF Loan for Economic Stability

July 13, 2024 11:09

Pakistan has secured a $7 billion loan from the IMF to address its economic challenges, including strengthening fiscal and monetary policies and boosting growth. The agreement follows a recent...

India's Forex Reserves Jump to $657.16 Billion - RBI

July 12, 2024 17:14

India's foreign exchange reserves rose by USD 5.16 billion to USD 657.16 billion in the week ended July 5, driven by an increase in foreign currency assets and gold reserves, according to the...

Pakistan Seeks IMF Bailout Deal This Month: Finance Minister

July 11, 2024 23:06

Pakistan's Finance Minister says the country is hoping to reach a deal with the IMF this month for a fresh bailout package, with talks progressing ''positively''.

Pakistan to Restructure USD 15 Billion Energy Debt with China

July 9, 2024 13:59

Pakistan seeks to restructure USD 15 billion energy debt owed to China, aiming to alleviate financial pressures and reduce electricity prices. The move comes amid ongoing economic challenges and a...

Pakistan to Seek More IMF Bailouts if Tax Revenue Doesn't Rise: Finance Minister

July 8, 2024 16:57

Pakistan Finance Minister warns of continued IMF bailouts if tax revenue doesn't increase, amidst a new budget aimed at boosting the struggling economy.

Sri Lanka Achieves USD 8 Billion Debt Relief: Wickremesinghe

July 5, 2024 18:52

Sri Lanka's President Ranil Wickremesinghe announced USD 8 billion in debt relief achieved through restructuring agreements with bilateral lenders, including India and China. The country is...

India's Forex Reserves Decline to USD 651.99 Billion - RBI Data

July 5, 2024 17:22

India's foreign exchange reserves fell by USD 1.713 billion in the week ended June 28, primarily due to a decrease in foreign currency assets, according to the Reserve Bank of India.

World Bank Vows to Support Sri Lanka's Economic Recovery

July 4, 2024 18:04

The World Bank's new Country Director for Sri Lanka, Nepal, and Maldives has pledged support for the nation's economic recovery, following its recent debt default. The meeting with President...

Sri Lanka Strikes Debt Restructuring Deal with Bondholders

July 4, 2024 10:37

Sri Lanka has reached a debt restructuring agreement with international sovereign bondholders, a crucial step in its efforts to restore debt sustainability and secure an IMF bailout.

SriLankan Airlines Restructuring, Not Sale: Aviation Minister

July 3, 2024 19:13

Sri Lanka's efforts to divest shares in SriLankan Airlines have failed, with only six bidders coming forward. The airline will undergo restructuring instead, with the government retaining 51%...

Pakistan Traders Protest Tax Hike, Electricity Bill Increase

July 1, 2024 22:53

Traders across Pakistan protested against new tax measures and electricity bill hikes in the new fiscal year. The protests, led by the All Pakistan Anjuman-e-Tajran, saw demonstrations in...

Pakistan Finance Minister Admits Tax Stress, New Budget Measures

June 30, 2024 18:52

Pakistan's finance minister acknowledges public stress over new taxes imposed in the budget, promising relief to salaried individuals. The budget aims to reduce inflation and increase tax revenue.

Pakistan Passes Rs 18.8 Billion Budget for Fiscal 2024-25

June 28, 2024 20:20

Pakistan's National Assembly approves a Rs 18,877 billion budget for fiscal 2024-25 amid opposition protests, focusing on economic growth and tackling the fiscal deficit.

India's Forex Reserves Jump to $653.71 Billion - RBI

June 28, 2024 17:19

India's foreign exchange reserves rose by USD 816 million to USD 653.711 billion in the week ended June 21, according to the Reserve Bank of India.

India's Economy in 'Sweet Spot' of Growth: Economist Bhalla

June 26, 2024 19:58

India's economy is in a 'sweet spot' of growth, says economist Surjit Bhalla, citing factors like political stability, economic policies, and global events. Learn more about India's growth...

Sri Lanka Finalizes Debt Restructuring with Creditors

June 26, 2024 15:55

Sri Lanka has finalized a debt restructuring agreement with its bilateral lenders, including India and China, to meet an IMF bailout condition. The agreement grants significant debt relief.

India's Forex Reserves Drop by USD 2.922 Billion - RBI

June 21, 2024 17:13

India's foreign exchange reserves declined by USD 2.922 billion to USD 652.895 billion in the week ended June 14, according to the Reserve Bank of India. The drop was attributed to a decrease...

Sri Lanka Seeks India Partnership for Industrial Growth - President Wickremesinghe

June 19, 2024 16:18

Sri Lankan President Wickremesinghe emphasizes the need for collaboration with India to benefit from its industrial development. He discusses potential areas of cooperation, including solar and...

Pakistan Budget Risks: Climate Change, SOEs & More

June 17, 2024 10:30

Pakistan's government outlines key risks to its 2024-25 budget, including climate change, weak SOEs, and economic growth concerns. Learn more about the challenges facing the country's fiscal outlook.

PM Sharif vows to end Pakistan's dependency on foreign aid and IMF bailouts

June 16, 2024 13:25

Pakistan Prime Minister Shehbaz Sharif pledges to end reliance on foreign aid and IMF bailouts, outlining bold economic reforms to revive the economy and reduce government expenses.

Sri Lanka, IMF Agree on Vehicle Import Ban Lift by 2025

June 15, 2024 18:44

Sri Lanka has presented the IMF with a roadmap to lift the ban on vehicle imports by 2025, starting with public passenger vehicles in 2024. The move aims to boost the economy and foreign exchange...

Sri Lanka Economic Recovery: IMF Highlights Reform Importance

June 14, 2024 17:49

The IMF releases the third tranche of Sri Lanka's bailout package, emphasizing the need for sustained reforms to achieve full economic recovery. The country's economy is showing signs of...

India's Forex Reserves Hit All-Time High of $655.8 Billion

June 14, 2024 17:21

India's foreign exchange reserves surged by $4.3 billion to a record high of $655.8 billion in the week ended June 7, driven by increases in foreign currency assets and gold reserves.

Pakistan IMF Loan Deal Expected in July: Finance Minister

June 13, 2024 16:38

Pakistan's Finance Minister expects an IMF loan agreement in July to address the country's economic woes. The budget includes measures to meet IMF demands, including tax increases.

IMF Disburses USD 336 Million to Sri Lanka Amid Debt Concerns

June 13, 2024 14:32

The IMF has released the third tranche of USD 336 million to Sri Lanka as part of a USD 2.9 billion bailout package, despite concerns about debt sustainability and economic vulnerability.

Pakistan to Borrow USD 23 Billion in FY24: Report

June 13, 2024 13:34

Pakistan plans to borrow USD 23 billion in FY24, including debt rollovers, to finance development plans and meet external financing requirements. The country's economic policies remain reliant on...

Pakistan Defence Budget Increased by 15% in 2024-25

June 12, 2024 21:09

Pakistan's defence budget has been hiked by 15% in the 2024-25 budget, reaching Rs 2,122 billion. This comes amidst efforts to secure a loan from the IMF.

IMF Review for Sri Lanka Bailout Set for June 12

June 3, 2024 14:55

Sri Lanka's Minister of State for Finance confirms the IMF's second review of the USD 2.9 billion bailout will take place on June 12, potentially leading to the release of USD 300 million. The...

Sri Lanka Economic Crisis: President Calls for Bill Support

June 2, 2024 20:57

Sri Lankan President Ranil Wickremesinghe urges all parties to support the economic transformation bill, crucial for IMF agreement and debt restructuring. The bill aims to stabilize the economy...

Sri Lanka Defers Debt Payments Until 2027

May 31, 2024 20:19

Sri Lanka's President Wickremesinghe announced the deferment of debt payments until 2027, focusing on renegotiating repayment terms to extend until 2042. The island nation aims to safeguard its...

India's Forex Reserves Drop by $2 Billion to $646.67 Billion - RBI

May 31, 2024 17:42

India's forex reserves declined by USD 2.027 billion to USD 646.673 billion for the week ended May 24, according to the Reserve Bank of India.

IMF Revises China's GDP to 5%, Forecasts Slowdown by 2029

May 29, 2024 18:41

The IMF projects China's economic growth at 5% in 2024, but warns of a slowdown to 3.3% by 2029 due to aging and slower productivity. IMF suggests boosting productivity and economic reforms.

Modi Govt Reshaped Budget: Sitharaman

May 27, 2024 12:58

Finance Minister Nirmala Sitharaman highlights the Modi government's reshaping of the Union Budget in the last decade, emphasizing transparency, fiscal prudence, and equitable distribution.

India Q4 FY24 GDP Growth: Economists Predict 6.1-6.7% - PTI

May 26, 2024 11:02

India's GDP in Q4 FY24 is projected to have grown between 6.1-6.7%, lower than previous quarters. Economists cite robust domestic growth but warn of potential moderation.

India's Forex Reserves Hit Record High of USD 648.7 Billion

May 24, 2024 17:33

India's foreign exchange reserves surged to a new peak of USD 648.7 billion in the week ending May 17, driven by a USD 4.55 billion increase. This marks the third consecutive week of growth in the...

IMF 'Significant Progress' in Pakistan Bailout Talks

May 24, 2024 12:54

The IMF reports 'significant progress' in negotiations with Pakistan for a new bailout package. The agreement could involve up to USD 8 billion and focus on economic reforms.

Pakistan to Privatize PIA & SOEs for Economic Boost

May 22, 2024 17:13

Pakistan plans to privatize dozens of state-owned enterprises, including PIA, to secure an IMF bailout and revive its struggling economy. The move has generated controversy, with some arguing it's...

IMF Asks Pakistan for Transparency in Investment Council

May 21, 2024 15:49

The IMF has asked Pakistan to ensure transparency in the Special Investment Facilitation Council and share a draft investment policy as the country seeks a fresh bailout. The lender also inquired...

Pakistan Seeks $8 Billion IMF Bailout: Talks Begin

May 18, 2024 16:11

Pakistan is in talks with the IMF for a new $6-$8 billion bailout package, seeking to stabilize its economy after narrowly avoiding default last year. The IMF team is expected to stay in Pakistan...

PB Fintech Executives Sell 1.8% Stake for Rs 1,109 Crore

May 17, 2024 21:42

Two top PB Fintech executives, Yashish Dahiya and Alok Bansal, divested a 1.8% stake in the company for Rs 1,109 crore through open market transactions. The shares were picked up by domestic mutual...

China, Maldives Discuss Debt Relief: Ambassador

May 17, 2024 18:03

China, Maldives' largest creditor, is discussing debt relief options as IMF warns of 'high risk' of debt distress. Ambassador Wang Lixin emphasizes grants and free aid.

India's Forex Reserves Jump to $644.15 Billion - RBI

May 17, 2024 17:20

India's foreign exchange reserves rose by $2.561 billion to $644.151 billion for the week ending May 10, according to the Reserve Bank of India.

Modi Returning with Strong Majority: FM Sitharaman

May 17, 2024 15:30

Finance Minister Nirmala Sitharaman expresses confidence in PM Modi's return with a strong majority in the Lok Sabha elections. She outlines India's growth potential and economic strengths,...

India to Become USD 4 Trillion Economy in FY25: Sanyal

May 16, 2024 16:48

India's economy is projected to reach USD 4 trillion in FY25, surpassing Japan to become the world's fourth largest. EAC-PM member Sanjeev Sanyal says 7% growth is a good target.

Modi to Return as PM, Pakistan Needs Leader Like Him: Businessman

May 15, 2024 05:30

Pakistani-American businessman Sajid Tarar predicts Modi's return as PM and highlights Pakistan's need for strong leadership amidst economic crisis and social unrest.

Pakistan & IMF Begin Talks for New Bailout Package

May 14, 2024 17:06

Pakistan and the IMF have commenced negotiations for a new bailout package to address the country's fiscal challenges. The talks aim to secure a multi-billion dollar deal to stabilize the economy.

Pakistan to Privatize All SOEs Except Strategic Firms: PM Sharif

May 14, 2024 15:39

Pakistan will privatise all state-owned enterprises, including PIA, as announced by Prime Minister Shehbaz Sharif. This decision comes ahead of negotiations with the IMF for a new long-term EFF.

IMF Mission to Meet Pakistan for Economic Support

May 12, 2024 20:18

An IMF mission will visit Pakistan next week to discuss economic reforms and a potential new bailout package, aiming for better governance and stronger economic growth.

Pakistan Finance Minister: Privatisation Key to Economic Stability

May 12, 2024 18:11

Pakistan's Finance Minister emphasizes the need for privatization to achieve economic stability, amidst talks with the IMF for a fresh bailout package. Learn more about the government's plans for...

IMF Doubts Pakistan's Repayment Capacity as Support Team Arrives

May 11, 2024 11:18

The IMF expresses serious doubts about Pakistan's ability to repay its debts, highlighting risks from delayed reforms and high public debt. A support team has arrived in Islamabad to discuss a...

India's Forex Reserves Jump to USD 641.59 Billion - RBI

May 10, 2024 17:18

India's foreign exchange reserves increased by USD 3.668 billion to USD 641.59 billion for the week ended May 3, the RBI said on Friday.

IMF Bailout Talks: Pakistan Seeks Larger Package

May 10, 2024 16:53

An IMF advance team has arrived in Pakistan to discuss a larger and longer bailout package. The IMF review mission is scheduled for May 16, with negotiations for a new loan program expected to...

Pakistan Seeks Debt Rollover Ahead of IMF Talks

May 10, 2024 11:52

Pakistan plans to secure USD 12 billion in debt rollovers from China, Saudi Arabia, and the UAE to meet budget targets before IMF talks. The country is facing a significant external financing gap.

Sri Lanka Pins Economic Recovery on IMF Program - Wickremesinghe

May 9, 2024 18:56

Sri Lankan President Ranil Wickremesinghe emphasizes the IMF program as the only path to economic recovery, highlighting its progress and upcoming presidential election.

Sri Lanka Aims for USD 17 Billion Debt Reduction

May 8, 2024 18:59

Sri Lanka seeks USD 17 billion debt reduction through restructuring, aiming to alleviate its debt burden and foster economic growth with support from international partners.

India's GDP Growth to Touch 8% in FY24: CEA

May 8, 2024 12:25

India's GDP growth is projected to reach 8% in FY24, driven by strong performance in the first three quarters. CEA highlights the robust economic growth and factors influencing it.

Sri Lanka Economic Recovery Hinges on Reforms: Central Bank Governor

May 7, 2024 22:46

Sri Lanka's Central Bank Governor emphasizes the importance of continued reforms for economic recovery, warning against backtracking ahead of the presidential election.

Pakistan Stock Exchange KSE-100 Index Surges 860 Points

May 6, 2024 20:49

The Pakistan Stock Exchange's KSE-100 index rose by 860 points on Monday driven by optimism surrounding a Saudi investment delegation's visit. The visit is expected to lead to more trade and...

Modi Govt's Job Creation Record: Economist Bhalla

May 5, 2024 11:20

Economist Surjit Bhalla claims India created 10 million jobs under Modi, exceeding past periods. He attributes jobless growth to the UPA era and highlights FDI policy concerns.

Japan Urges Sri Lanka to Sign Debt Restructuring MoUs

May 4, 2024 18:51

Japan emphasizes early signing of MoUs with Sri Lanka for debt restructuring, aiming for a transparent agreement. The move is crucial for the IMF's next tranche.

Sri Lanka Welcomes Chinese Investment in Key Sectors

May 3, 2024 19:12

Sri Lankan Prime Minister Dinesh Gunawardena welcomes direct private investments from China in agriculture, renewable energy, IT, education, and water supply sectors.

Company Name
Price
Volume

Vodafone Idea L
8.24 (+ 6.46)
63511787

Srestha Finvest
0.67 ( -4.29)
31638933

G G Engineering
1.66 (+ 15.28)
29646789

GMR Airports
71.67 (+ 2.84)
24689075

GTL Infrastructure
1.95 (+ 8.33)
23784382

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