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Sri Lanka cancels Imran Khan address to Parliament ahead of his 2-day visit


Imran Khan
Pakistan received a major lash back from Sri Lanka in an interesting turn of events. Earlier Sri Lanka’s Speaker Mahinda Abeywardena addressed a political gathering a week ago informing that Pak’s PM Imran Khan would address the Parliament during his two-day visit starting February 22. The address was scheduled for February 24. However, the Sri Lankan Parliament on Thursday has cancelled the planned address of Prime Minister Imran Khan during his upcoming visit.
As per sources, many speculate this as a move by the Sri Lankan government to maintain cordial ties with India. It was being speculated that Khan would raise the Kashmir issue during his speech which would upset the Modi govt. Imran Khan is scheduled to travel to Colombo on a two-day trip from February 22. Khan will also meet Sri Lankan President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa and attend an investors’ conference. ....

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SWAP settlement to India and ECT withdrawal not connected - ECT withdrawal not formerly communicated


Friday, 05 February 2021 - 13:17
The Central Bank has confirmed that it has fully settled the USD 400 million loan obtained under the Swap facility from India. 
There is no truth to the story that India has called for a settlement of the US $ 400 million currency swap after the Sri Lankan government decision reneging on the 2019 agreement with India on the development of the East Coast Terminal (ECT) of the Colombo Port.
The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI) entered into a currency swap agreement on 24th July 2020 under the Framework on Currency Swap Arrangement for South Asian Association for Regional Cooperation (SAARC) countries for 2019 - 2022. ....

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Ports unions meet PM today


Monday, 01 February 2021 - 8:38
A special discussion will be held today (01) to resolve the issue regarding the handing over of the Eastern Terminal of the Colombo Port to India.
The discussion will be held between the Ports Trade Unions and the Prime Minister Mahinda Rajapaksa .
It is reported that the discussion will be held at 10.00 am at the Prime Minister s official residence in Wijerama.
Meanwhile, the Committee appointed by the Cabinet to look into the handing over of the Eastern Terminal to India met yesterday (31) afternoon.
The report containing the recommendations of the seven-member committee was handed over to the Minister in charge of the subject Rohitha Abeygunawardena last night. ....

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