Emergency in Sri Lanka, Forex Dip in Pak & Nepal’s Money Woes Put India’s Neighbors on Back Foot

Sri Lanka’s deepening economic crisis took a turn for the worse on Friday night when President Gotabaya Rajapaksa declared a state of emergency in the island nation amid mounting public resentment. Sri Lanka’s 22-million population has been facing acute shortages of food, fuel, and medicines for months, bringing tens of thousands onto the streets to … Read more

Pakistan has a ‘strategy’ to boost shrinking forex reserves: FM | Business and Economy News

Karachi, Pakistan – Despite its fast-shrinking foreign exchange reserves which will inhibit imports of essential fuel, cooking oil and pulses, Pakistan says it will not be in dire straits like neighboring Sri Lanka and that it has a “strategy” to boost its reserves. “No chance of default, none,” said Pakistan’s finance minister Miftah Ismail in … Read more

Zaraye plays Matchmaker in Pakistani manufacturers

“Pakistan’s manufacturing industry has not changed much in the last 70 years,” said Ahsan Ali Khan, co-founder and CEO. It’s late, a business-to-business procurement market that today announces it has raised $ 2.1 million in pre-financing. “We have some great companies, but they are having a hard time competing in the global market.” The business … Read more