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    Inflation in Pakistan reaches all time high of 46%

    26 Mar 2023

    Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 per cent year-on-year for the week ending on March 22,

    Crisis-hit Sri Lanka raises rates to curb inflation

    20 Jan 2022

    The island nation has reiterated its commitment to repaying the entire $4 billion owed to investors in the rest of 2022 but in the absence of incoming dollars some analysts believe the country could face its first-ever default.

    Bravehearts inspire as pandemic enters second year

    13 Mar 2021

    One year into the COVID-19 pandemic, the world has seen death, economic hardship and anxiety on an unprecedented scale. But it has also witnessed self-sacrifice, courage and perseverance.

    Labour’s ‘reckless’ plans would trigger economic crisis: Javid

    10 Nov 2019

    British Finance Minister Sajid Javid said on Sunday the opposition Labour Party’s “reckless” spending plans would trigger an economic crisis within months if it won the Dec.12 election, citing a contested dossier published by his Conservative Party.

    ‘Millions’ strike in protest at Indian government policies

    08 Jan 2020

    The widespread action was in opposition to what unions called the "anti-worker and anti-people policies" of right-wing Prime Minister Narendra Modi.

    Sri Lanka seeking $3 billion in months to stave off crisis

    09 Apr 2022

    The island nation of 22 million people has been hit by prolonged power cuts, with drugs, fuel and other items running short, bringing angry protesters out on the streets and putting President Gotabaya Rajapaksa under mounting pressure.

    Crisis-hit Sri Lanka blocks social media platforms to contain protests

    03 Apr 2022

    Facebook, YouTube, Twitter, Instagram and WhatsApp were among the platforms shut down by internet service providers on the orders of defence authorities, the pro-government Ada Derana news channel said.

    Troubled Sri Lanka set for new cabinet and protests

    04 Apr 2022

    Twenty-six ministers in the cabinet — all members except President Gotabaya Rajapaksa and his elder brother Prime Minister Mahinda Rajapaksa — submitted letters of resignation at a late-night meeting on Sunday.

    IMF says monitoring political, economic developments in Sri Lanka ‘very closely’

    05 Apr 2022

    Sri Lanka's parliament will meet on Tuesday after President Gotabaya Rajapaksa dissolved his cabinet and sought to form a unity government to find a way out of the island nation's worst economic crisis in decades and quell public anger.

    Sri Lanka names new PM in bid to address growing crisis

    12 May 2022

    Ranil Wickremesinghe, a political veteran who has been prime minister of the island nation five times before, faces the daunting task of leading his country through its worst economic crisis since independence.

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