Pakistan’s economy in ‘collapse’ as IMF visits

Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection. Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of…

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US expresses support for Sri Lanka’s on-going recovery efforts

The US Political Affairs Under-Secretary Victoria Nuland, who is currently on an official visit to Sri Lanka, expressed her Government’s support for the on-going recovery efforts in the country. This was revealed during a meeting with President Ranil Wickremesinghe yesterday. During the discussions President Wickremesinghe extended his appreciation for the support provided by the US…

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