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

Eminent business leaders bestowed with Lifetime Achievement Awards by SLID-ACCA

Mahendra Amarasuriya Ken Balendra (award accepted by Krishan Balendra) Sohli Captain Rohini...

Waste Crisis Meets Opportunity: Can Korean Aid Shift Sri Lanka?

Sri Lanka’s municipal waste management crisis has quietly grown...

Local Investors Power Equity Growth amid Foreign Capital Absence

Sri Lanka’s equity market is entering 2026 on an...

Cyclone Impact “Moderate”? Data Reveals Deeper Economic Fault Lines

Sri Lanka’s corporate leadership has sought to reassure investors...