Millions of workers staged a crippling strike in Sri Lanka yesterday, adding to pressure on President Gotabaya Rajapaksa and his ruling family to quit over the country’s worst-ever economic crisis.

Pakistan’s new Prime Minister Shehbaz Sharif begins his maiden foreign trip to Saudi Arabia, seeking financial support from a country where he spent years in exile.

Nepal banned imported liquor, playing cards and nearly a dozen other “non-essential” goods to address the Himalayan country’s widening trade deficit and

The scion of Pakistan’s most influential political dynasty was appointed foreign minister yesterday, the latest step up a ladder likely to take Bilawal Bhutto Zardari to the top of the country’s leadership.

A Myanmar junta court yesterday sentenced Aung San Suu Kyi to five years in jail for corruption, part of a barrage of criminal cases that could see the deposed civilian leader jailed for decades.

President Arif Alvi administered oath to PPP Chairperson Bilawal Bhutto-Zardari on Wednesday who would be joining Prime Minister Shehbaz Sharif's cabinet as a federal minister.

A special court in Lahore on Wednesday stated that charges against Prime Minister Shehbaz Sharif and others in the Rs16 billion money laundering case will be framed on May 14, asking them to ensure their presence at the next hearing as no further adjournments will be made.

The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president's media division said in a statement on Tuesday.

A suspected female suicide bomber killed three Chinese teachers in Karachi on Tuesday, police and officials said, in the first major attack this year against nationals of long-time ally China working in Pakistan.

A woman suicide bomber from a Pakistan separatist group killed four people, including three Chinese nationals, in an attack on a minibus carrying staff from the Confucius Institute at Karachi University yesterday.

Pakistani former prime minister Nawaz Sharif’s name has been removed from the exit control list (ECL) and he has finally been issued a green passport by the government, led by his younger brother Shehbaz Sharif.

Sri Lanka’s beleaguered government yesterday faced new pressure to resign from influential Buddhist leaders over a crippling economic crisis, as the island nation’s stock market halted trading after a nearly 13 percent plunge.

India has suggested to the IMF and World Bank to temporarily give Sri Lanka – grappling with its worst financial crisis – the tag of a lower-income country to help the island nation restructure its debt.

Sri Lanka’s financial crisis is a classic example of what populist policies, corruption and mismanagement can cause, economists and political analysts from Bangladesh and Sri Lanka told a webinar yesterday.

The International Monetary Fund said on Saturday it held “fruitful technical discussions” with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.

Sri Lanka’s financial crisis is a classic example of what populist policies, corruption and mismanagement can lead a country to, which is a lesson for South Asian countries that lack good governance and has politicised administration, speakers told a webinar today (April 24, 2022).

The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.

Sri Lanka’s beleaguered prime minister came under increased pressure to step down yesterday, as staunch allies broke ranks and backed street protests calling for resignations over a worsening economic crisis.

 Pakistan’s prime minister yesterday said he will chair an emergency meeting of a national task force for polio eradication after authorities detected the country’s first case of the debilitating neurodegenerative disease in 15 months.

India has extended the duration of the USD 400 million currency swap facility for Sri Lanka, struggling to overcome a crippling economic crisis, as New Delhi urged the World Bank to help the island nation come out of the “unprecedented” situation.