Dubai News TV

SriLankan Airlines will continue to play its vital role in stabilising the national economy by attracting international tourists through its growing operational network, its top official says. [caption id="attachment_61653" align="alignleft" width="300"] Richard Nuttall, Chief Executive Officer of SriLankan Airlines[/caption] Richard Nuttall, Chief Executive Officer of SriLankan Airlines, said the government would find the right partner for the carrier through privatisation, but it will take some time as the global aviation sector has been recovering from the Covid-19 pandemic. Back into black "I am happy that SriLankan Airlines essentially broke even in the last financial year ending March 2023. This was achieved in what has been a difficult year for the Sri Lankan economy," Nuttall told DubaiNews.tv on the sidelines of the Arabian Travel Market in Dubai. The airline's revenues reached $1 billion and posted an operatin...

Pakistan’s inflation hit a record on the back of a badly depreciating currency, skyrocketing food and energy costs, and low growth. The inordinate delay in bailout loans from International Monetary Fund, and the increase in fuel prices may make matters worse. These developments have made Pakistan home to Asia’s fastest inflation, outpacing price gains in Sri Lanka which recorded a 35.3% inflationary increase in April. But now it has started showing signs of recovery from the economic crisis. Pakistan Bureau of Statistics said on Tuesday that consumer prices surged by 36.4% in April 2023, the highest increase since 1964. Transport prices increased by 56.8% while food inflation rose to 48.1%. Meanwhile, clothing and footwear costs increased by 21.6%, and housing, water, and electricity bills climbed to 16.9%. Inflation to rise On the other hand, Sri Lanka's inflation rate eased to 35.3% in April. The depreciating value of the Pakistani rupee has made imported goods ...