By: Isuru Parakrama
Colombo (LNW): The government is planning to lift import restrictions imposed on 100 – 150 products within the next four months, Sunday Times reported quoting senior officials of the Treasury.
Vehicle imports, which previously led to the drain of a huge sum of forex, will remain untouched, but others may, the newspaper reported, adding that the move, nonetheless, will come into effect if it does not negatively affect the exchange rates, foreign reserves, or inflation.
Accordingly, the government pays attention on lifting the import restrictions on electronic devices such as computers, mobile phones, and televisions, as well as home appliances, stationery, food, clothing materials, leather products, cosmetics, medical equipment, spare parts, raw materials for industries, agricultural equipment, bathroom fixtures, and ceramic tiles, the report added.
