COLOMBO: Sri Lanka’s inflation hit a record 11.1 per cent in November, official figures showed on Wednesday, and the authorities warned a worsening economic crisis could prompt further food rationing. The island’s tourism-dependent economy was hammered by the pandemic and the government imposed a broad import ban to shore up foreign exchange reserves, triggering shortages of … Read more
NEW YORK: More than 100,000 Americans died from drug overdoses in the yearlong period ending in April, The New York Times reported Wednesday, citing provisional figures from the National Center for Health Statistics. It is for the first time the number of overdose deaths in the United States has surpassed 100,000 a year after increasing … Read more
KARACHI: The rupee touched a record low of 172.78 against the dollar in the interbank market on Monday, owing to the high demand for the foreign currency for external payments, dealers said. The exchange rate recorded a decline of Rs1.6 in the rupee value against the greenback, compared with last Friday’s closing of Rs171.18 to … Read more
Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood said that the country’s exports in March stood at $2.345 billion and increased by 13.4% in March as compared to February, while for the first time since 2011, exports exceeded $2 billion for the sixth consecutive month. In a series of Tweets, … Read more
