Sri Lanka and Maldives are set to establish links in construction services sector exploring possibilities, procedures and regulations applicable to foreign investments, including joint ventures in civil construction, “mechanical, electrical and plumbing.(MEP) and Engineering services.
Premier diversified blue-chip John Keells Holdings PLC (JKH) urged the Government to ensure proper balance between economic stability and growth as it shores up efforts to boost tax revenue.
Sri Lanka, racked by civil unrest and economic disruptions for much of the year, has resumed free-trade agreement talks with China over the past two months amid new social stability within the island nation.
Sri Lanka’s economic crisis is deepening with unsustainable debt of US$ 35 billion and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic and public unrest owing to unbearable cost of living, Finance Ministry data showed.
Pakistan and Sri Lanka have good trade and diplomatic relations, which can be enhanced with joint efforts of both the countries, Jagath Abeywarna, Consul General of Sri Lanka, said on Thursday.