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Pakistan 50% chance of facing currency crisis within 12 months: Report After floods killed thousands and displaced millions in nearly a third of the country, the probability of Pakistan experiencing a financial crisis in the next 12 months has risen to more than 50 percent, Bloomberg reported. The probability of a currency crisis with a […]
Running out of money Sri Lanka raised interest rates one percentage point, the second massive increase in the last three months. The central bank of Sri Lanka has already warned about the recession and 80% inflation as well. After the release of last month’s inflation data which indicates inflation at a record high of 54.6%, […]
On Monday, thousands of students from state universities marched in Sri Lanka’s capital. Protestors aimed to demand the president and prime minister resign over the worst economic crisis. According to the students, Sri Lankan President and Prime Minister are responsible for the shortage of essential goods. This economic crisis has led to the disruption of […]