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 Fails to Safeguard Ancient Heritage despite Oversight

Sri Lanka Fails to Safeguard Ancient Heritage despite Oversight

BOC’s Nine-Month Results Cement Its Role as Sri Lanka’s Economic Anchor

BOC’s Nine-Month Results Cement Its Role as Sri Lanka’s Economic Anchor

Who Really Approved Sri Lanka’s 2022 Debt Default Decision?

Who Really Approved Sri Lanka’s 2022 Debt Default Decision?

IMF-Aligned 2026 Budget Raises Red Flags on Slowing Revenue Streams

IMF-Aligned 2026 Budget Raises Red Flags on Slowing Revenue Streams