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

Valuing the Coast: Test of Sri Lanka’s Conservation Resolve

Valuing the Coast: Test of Sri Lanka’s Conservation Resolve

From Tragedy to Technology: Sri Lanka Turns to GeoAI

From Tragedy to Technology: Sri Lanka Turns to GeoAI

Outward Vision Meets Government’s Inward Politics in Sri Lanka

Outward Vision Meets Government’s Inward Politics in Sri Lanka

Microfinance Fallout: Rural Families battered in Ditwah Caught in Debt Cycles

Microfinance Fallout: Rural Families battered in Ditwah Caught in Debt Cycles