Search results
Results from the WOW.Com Content Network
The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Colombo, the financial centre of Sri Lanka. The mixed economy of Sri Lanka was worth 27.60 LKR trillion ($84 billion) by gross domestic product (GDP) in 2023 [146] and $318 billion by purchasing power parity (PPP). [147] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
In May 2023, Pakistan's inflation rate reached 38%, surpassing Sri Lanka to become the highest country in Asia. [ 57 ] In June 2023, the Pakistani government unveiled an "Economic Revival Plan" according to which, plans on investments in key areas of production such as on agriculture, mining, Information Technology, defence and the energy ...
The court order was issued on the basis of a case filed by political activist Keerthi Tennakoon against Cabraal regarding misappropriation and misuse of public funds which led to the massive economic crisis in Sri Lanka. [412] Basil Rajapaksa tested positive for COVID-19 on 16 April 2022 and was hospitalised for treatment.
It supplies socks and leggings to retailers consisting of Nike, Adidas, H&M, Puma, Levi's, Reebok and Target. [3] [4] The company has five hosiery manufacturing divisions, located in Pakistan, Bangladesh and Sri Lanka. [5]
Pakistan vs Sri Lanka. 16:16. 35.3. Matheesha Pathirana to Iftikhar Ahmed. Full toss, off stump on the front foot driving, to long on for 1 run, fielded by Wellalage. Pakistan vs Sri Lanka. 16:16 ...
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]