Sri Lanka reduces amount of holding foreign currency


Colombo, June 25 : The Central Bank of Sri Lanka on Saturday announced that the amount of foreign currency an individual can hold has been reduced from $15,000 to $10,000. The central bank said the decision was taken to attract foreign currency into the formal banking system amid the ongoing economic crisis, reports Xinhua news agency. An amnesty period of 14 working days effective from June 16 is granted for persons holding foreign currency notes, during which they can deposit them into a foreign currency account or sell them to an authorized dealer, according to the central bank. At the end of the amnesty period, the central bank will initiate actions against anyone who violates the order, in terms of the provisions of the Foreign Exchange Act. /IANS


Imran's arrest may trigger 'bloody politics', warns ex-Minister
Islamabad, Aug 10 : Reacting to the Pakistan governments move to file references against the PTI chairman in prohibited funding and Toshakhana cases,

Four months on, anti-govt protests in Sri Lanka fizzle out
Colombo, Aug 10 : Demonstrations planned by Sri Lankan opposition parties and trade unions have fizzled out, with smaller crowds turning up to mark th

4 Pakistani soldiers killed in North Waziristan suicide attack
Islamabad, Aug 9 : Four Pakistan soldiers were killed in a suicide blast at a military convoy in the Mir Ali area of Khyber Pakhtunkhwas North Waziris