Import restrictions on vehicles used for public transport to be relaxed

Date:

By: Isuru Parakrama

Colombo (LNW): A gazette notification is expected to be issued this week relaxing restrictions imposed on import of vehicles used for public transport, revealed Finance State Minister Ranjith Siyambalapitiya.

Accordingly, import restrictions on lorries, trucks and buses may be relaxed withe the move, the Minister assured.

The move comes in regardless of the warnings from a number of economic analysts that such a relaxation would contribute to the weakening of the foreign exchange rate.

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka Food Processors Association Holds 28th AGM, Elects Executive Committee for 2026/2027

By : Rashika Hennayake October 23, Colombo (LNW): The Sri...

Shipping Lines Bypass Colombo amid Port Congestion Woes

Red tape within the bureaucracy contributes to the physical...

X-Press Pearl Disaster: Sri Lanka Faces $1B Liability and Fisherfolk Struggle

The 2021 X-Press Pearl disaster, one of the most...

Hambantota Port Throughput Soars 151% amid Major Expansion Drive

Hambantota International Port (HIP) has recorded an extraordinary 151%...