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

Human Rights Watch Warns New Anti-Terror Bill Could Entrench Abuses

Human Rights Watch Warns New Anti-Terror Bill Could Entrench Abuses

Government Signals Readiness for Parliamentary Debate on Proposed No-Confidence Motion

Government Signals Readiness for Parliamentary Debate on Proposed No-Confidence Motion

Justice Minister Warns of Severe Prison Overcrowding Amid Drug Arrest Surge

January 20, LNW (Colombo): Minister of Justice Harshana Nanayakkara told...

Bimal Rathnayake Questions Authenticity of Ashoka Ranwala’s Doctorate

January 20, LNW (Colombo): Transport, Highways and Urban Development...