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

Cashew Shortage Sparks Job Loss Fears Across Processing Communities

Cashew Shortage Sparks Job Loss Fears Across Processing Communities

Sri Lanka Needs Bold Economic Reset to Secure Long-Term Growth

Sri Lanka Needs Bold Economic Reset to Secure Long-Term Growth

Sri Lanka, UK Reaffirm Commitment to Deeper Trade Cooperation

Sri Lanka, UK Reaffirm Commitment to Deeper Trade Cooperation

Auditor General’s Vacuum Paralyses State as Accountability Systems Collapse

Auditor General’s Vacuum Paralyses State as Accountability Systems Collapse