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–US Defence Pact Unveiled After Transparency Concerns Rise

The long-awaited Sri Lanka–United States Defence Memorandum of Understanding...

Sri Lanka’s Service Exports Edge Up as ICT Surge Drives Growth

Sri Lanka’s services exports recorded a modest but significant...

SriLankan Airlines Faces Massive Losses From Faulty Airbus Fleet Deal

SriLankan Airlines has suffered a staggering USD 60 million...

AI-Driven Hate Networks Exposed in UK–Sri Lanka Misinformation Probe

A fast-unfolding investigation into UK-based Sri Lankan content creator...