The economic woes of Pakistan and Sri Lanka have similar origin stories

Like Sri Lanka, Pakistan’s economic distress has been in the making for decades.

Hussain Mohi-ud-Din Qadri, Dawn.com

· Feb 14, 2023 · 07:30 pm

Sri Lanka’s economic meltdown has forced many of its elderly onto the streets

In a country where large numbers of older workers lack pensions, some have turned to begging and charities to cope.

Piyumi Fonseka, Thomson Reuters Foundation

· Feb 11, 2023 · 07:30 pm

Pakistan raises prices of petrol, diesel by Rs 35 amid economic crisis

The country is facing the threat of debt default as the International Monetary Fund continues to delay a $6 billion bailout secured in 2019.

Scroll Staff

· Jan 29, 2023 · 07:13 pm

Pakistani rupee drops to record low amid economic crisis

Thursday’s drop in currency value by 9.6% has been the largest single-day decline in both absolute and percentage terms since 1999.

Scroll Staff

· Jan 27, 2023 · 01:55 pm

High inflation, debt and political fault lines: Rishi Sunak faces a challenging few months ahead

The new administration must draft and pass a fiscal consolidation plan, which all Tory members are on board with, and work to reduce the fiscal deficit.

Deepanshu Mohan

· Oct 27, 2022 · 09:00 am

The Indian economy looks bleak – but that only reflects the cancer within

A small segment has cornered most of the gains of the past few years. The rest have felt the increasing pain of inflation and economic strife.

Mitali Mukherjee

· May 24, 2022 · 09:00 am

Rising yields on government bonds seem to be making Modi government anxious

On May 4, the yield on its benchmark bond that matures in 10 years hit a three-year high of 7.4%, up 67 basis points since the beginning of this year.

Mimansa Verma, qz.com

· May 14, 2022 · 01:30 pm

A former economist at Sri Lanka’s central bank explains why the country went from boom to bust

While problems have been brewing for years, spillovers from the crisis in Ukraine have sent the island nation over the edge.

Vidhura S Tennekoon, The Conversation

· Apr 02, 2022 · 01:30 pm

Sri Lanka’s economic meltdown has forced its citizens to take on second jobs as waiters and drivers

Lakhs of workers who are struggling to afford food, fuel and medicine have turned to moonlighting.

Shihar Aneez, Thomson Reuters Foundation

· Mar 31, 2022 · 01:30 pm

Sri Lanka seeks $1.5 billion line of credit from India as economic crisis worsens

On March 18, New Delhi had extended a line of credit worth $1 billion to Colombo as its foreign reserves have hit rock bottom.

Scroll Staff

· Mar 29, 2022 · 10:56 am

India extends $1 billion credit facility to Sri Lanka for short-term concessional loans

The island nation is facing problems in paying for imports due to its foreign reserves being at an all-time low.

Scroll Staff

· Mar 18, 2022 · 12:34 pm

With Beirut’s dock explosion, Lebanon precarious economy has got even weaker

The explosion erodes what little trust citizens may still have had in their political class.

Hannes Baumann, The Conversation

· Aug 11, 2020 · 09:30 pm