Tag: financial crises

rising petrol prices
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This is how rising petrol prices hit the businesses

Fuel prices hike are damaging the businesses in multiple ways. One of the common related business is the ice-cream business that appears to be affected the most after logistics. The rising petrol prices are forcing the ice cream vendors to ditch their livelihood. Many of the frosted treats that are welcomed during the summers use […]

Crises in Sri Lanka
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How do the world see crises in Sri lanka?

Crises in Sri Lanka is a painful thing for all of us. But let find how the world see it! Weakness in internal politics is the base of disturbance for many low middles and developing countries. These also get seriously hit by the external economic shocks including the Russia-Ukraine war and Covid-19. This country appears […]

Waller agrees 50 basis-point rate hikes
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Waller agrees 50 basis-point rate hikes

Since the inflation is getting stubbornly high, it appears that Christopher Waller is prepared to do more. Waller agrees 50 basis-point rate hikes in fed. Christopher Waller, Federal Reserve Governor US raises his voice to walk side by side for the tightened monetary policy by Central Bank through an additional 50 basis points. He says […]

lift ban on some import items
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Pakistan lift ban on some imported items

Pakistan ban on imports lifted! As per the Ministry of Commerce, Federal government agreed to lift ban on some imported items. Under the emergency economic situation, the government of Pakistan ban some non-essential luxury items to save foreign exchange. Pakistan ban on imports on 19th May, 2022 covered approx. 30 luxury items that included cars […]

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China to help Sri Lanka in Financial Crisis

As we all are aware that Sri Lanka is facing a serious financial crisis. About 22 million of the Sri Lankan population is feeling the heat of this crisis. The foreign currency went out of control due to which food shortages and power cuts are extreme highs. China again has come up as a helping […]