Investments at Colombo Port City to get 40-year tax concessions

Minister annoyed over poor performance of depts at Torkham Border

KHYBER? ? -? ?Taj Muhammad Afridi, the provincial minister of relief and rehabilitation, was dissatisfied with how the various departments were operating at the Torkham border and he encouraged them to coordinate their efforts to improve trade at the crossing. Speaking at a high-level meeting on trade improvement held on Tuesday at zero point in Torkham, the minister said that prior to the introduction of WEBOC and other contemporary systems, the trade was declining day by day, casting doubt on

22 Mar, 2023

Fuel prices likely to be reduced in April

Fuel prices are likely to be reduced in April, Minister of Power and Energy Kanchana Wijesekera said. The Minister said that steps are being taken to provide relief to the public in April. He said that under the existing fuel price formula there is a likelihood of the fuel price being reduced next month. The minister said that world oil prices and the appreciation of the Sri Lankan Rupee against the US Dollar could help reduce the price of fuel. (Colombo Gazette)

21 Mar, 2023

Sri Lanka to receive first tranche of IMF funds in two days

Sri Lanka is expected to receive the first tranche of funds from the International Monetary Fund (IMF) in 2 days, Peter Breuer, Chief of the Debt Capital Markets Division, Monetary and Capital Market Department at the IMF said. He said Sri Lanka has incorporated a number of measures to commence the reforms process, as agreed upon with the IMF. Breuer also said that steps are being taken to make the Central Bank of Sri Lanka more independent. The IMF also said that the disbursement of the fund

21 Mar, 2023