A lawmaker of the ruling party died in violent clashes this week
COLOMBO – Sri Lanka's premier Mahinda Rajapaksa has stepped down after violence erupted in the island nation amid weeks of protests over the economic crisis.
Reports in international media said Lankan prime minister Mahinda Rajapaksa has sent his resignation to the president. “I am resigning with immediate effect so that you will be able to appoint an all-party government to guide the country out of the current economic crisis,” the 76-year-old wrote in the letter.
Effective immediately I have tendered my resignation as Prime Minister to the President.— Mahinda Rajapaksa (@PresRajapaksa) May 9, 2022
අගමැති ධූරයෙන් ඉල්ලා අස්වීමේ ලිපිය ජනාධිපතිතුමා වෙත යොමු කළෙමි.
The leader of Podujana Peramuna party decided to quit after his supporters stormed a major protest site. The violent clashes erupted in the country’s capital as supporters of the Rajapaksa family went on the rampage. An immediate curfew was imposed in Colombo which was later widened to entire nation.
A lawmaker of the ruling party succumbed amid a clash with anti-government protesters outside the capital while scores were wounded. MP Amarakeerthi Athukorala opened fire and critically wounded two people blocking his car in Nittambuwa, and was later found dead after trying to take refuge in a nearby building, per reports.
Meanwhile, a new unity government is likely to be formed to resolve the country’s worst economic crisis since independence. Key opposition party announced not to join any government led by members of Rajapaksa.
The country of nearly 22 million has suffered huge shortages of food, basic medicines, and fuel amid a horrific economic crisis that triggered anti-government demonstrations.
Last week, the Lankan government imposed a state of emergency granting armed forces sweeping powers to arrest and detain agitating people after trade unions brought the country to a virtual standstill.
Last month, the island nation announced default on all its external debt worth around $51 billion amid the worsening economic crisis.
Pakistani rupee remained stable against US dollar, and other currencies in the open market amid strong economic cues.
On Sunday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.
|UK Pound Sterling||GBP||359.4||360.05|
|Hong Kong Dollar||HKD||36.38||36.48|
|New Zealand Dollar||NZD||173.44||175.44|
The price of gold increased by thousands of rupees due to an upward trend in the international market.
On Sunday, the price of a single tola of 24-karat gold stands at Rs219,800 and 10 grams of 24k gold costs Rs188,450.
Meanwhile, single tola of 22 Karat gold costs Rs201,482, 21 karat rate costs Rs192,325 and 18k gold rate is Rs164,850.
Globally, gold prices hover at around $2072, gaining $32 on Sunday.
|Lahore||PKR 219,800||PKR 2,730|
|Karachi||PKR 219,800||PKR 2,730|
|Islamabad||PKR 219,800||PKR 2,730|
|Peshawar||PKR 219,800||PKR 2,730|
|Quetta||PKR 219,800||PKR 2,730|
|Sialkot||PKR 219,800||PKR 2,730|
|Attock||PKR 219,800||PKR 2,730|
|Gujranwala||PKR 219,800||PKR 2,730|
|Jehlum||PKR 219,800||PKR 2,730|
|Multan||PKR 219,800||PKR 2,730|
|Bahawalpur||PKR 219,800||PKR 2,730|
|Gujrat||PKR 219,800||PKR 2,730|
|Nawabshah||PKR 219,800||PKR 2,730|
|Chakwal||PKR 219,800||PKR 2,730|
|Hyderabad||PKR 219,800||PKR 2,730|
|Nowshehra||PKR 219,800||PKR 2,730|
|Sargodha||PKR 219,800||PKR 2,730|
|Faisalabad||PKR 219,800||PKR 2,730|
|Mirpur||PKR 219,800||PKR 2,730|