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Posts tagged as “reduce”

Government faces headwinds in Parliament

By Yohan Perera in Daily Mirror, Dec 11, 2023Colombo, Dec 11 (Daily Mirror) – The government faced headwinds in Parliament yesterday in its attempt to boost revenue by enacting a piece of legislation to reduce the VAT-exempted list from 138 categories of items to 97, a move that will have a two percent inflationary effect. The House was convened yesterday for a special session despite it being a Sunday, given the urgency to pass the…

Zardari, Fazl discuss ways to reduce PPP-JUIF tension

By Asim Yasin in The News, Oct 17, 2023ISLAMABAD: PPPP President Asif Ali Zardari Monday met JUIF chief Fazlur Rehman in a bid to cool down the political temperatures between the two parties. In a 50-minute talk held at the residence of Fazlur Rehman, both the leaders discussed ways for a ceasefire on political statements against each other. On this occasion, Zardari also condoled the death of Fazl’s mother-in-law. In their official statements, both the…

Debt restructuring: Govt. looking at reclassifying Chinese debt

By Mandana Ismail Abeywickrema in The Morning, Feb 19, 2023China’s bilateral debt to reduce to less than 50%Govt. has made representations to IMF on the moveDiscussions also ongoing on Chinese debt restructuringG20 ministers to discuss SL on 23-24 February in Delhi The Government has made representations to the International Monetary Fund (IMF) that it is working on reclassifying some of Sri Lanka’s bilateral debt in order to finalise the country’s debt restructuring programme in line…