The Central Bank of Sri Lanka has informed the Ministry of Finance to further restrict the import of non-essential goods as the foreign exchange crisis may worsen in the near future. The Central Bank has informed that the import restrictions must be enforced immediately as the impact on the country’s foreign reserves will worsen in […]

July prices surpassed the previous record price reported in April 2022 of 1,333.61 (USD 4.14).

By SUSHANT SAREEN The bye-elections to 20 Punjab Assembly seats on 17 July have sent shockwaves through Pakistan’s fragile political and economic system. It would be an understatement to claim that the results were entirely unexpected. On the eve of the elections, there was virtually a consensus amongst political pundits that the ruling Pakistan Muslim […]

"What we ask from the government is to facilitate us through private or state banks to import these as needed," he said.

Electricity prices were last hiked in 2013 however were slashed almost by 25% in 2014

To carry the extra fuel, we can't carry all the freight we like to into the country

By Ifham Nizam The Ceylon Electricity Board implements most of its power transmission and distribution infrastructure development projects like the construction of new transmission lines, transmission and distribution substations, etc., using loan funds obtained from international lending agencies such as the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). These ...