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

CPC Fuel Stations Apologise to Customers Amid Reduced Discounts

CPC Fuel Stations Apologise to Customers Amid Reduced Discounts

Court Urges Attorney General to Speed Up Legal Advice on Namal Rajapaksa Money Laundering Case

Court Urges Attorney General to Speed Up Legal Advice on Namal Rajapaksa Money Laundering Case

Central Bank Probes 18 Cases of Suspected Fraudulent Plantation Investments

Central Bank Probes 18 Cases of Suspected Fraudulent Plantation Investments

Government Weighs Social Media Curbs for Under-12s Amid Rising Child Safety Concerns

Government Weighs Social Media Curbs for Under-12s Amid Rising Child Safety Concerns