Colombo (LNW): A gazette notification has been issued easing the import restrictions imposed on certain vehicles utilised for public transportation.
Accordingly, import restrictions imposed on buses, lorries, tankers and trucks will be relaxed by the gazette declared by the Ministry of Finance.
Meanwhile, a proposal submitted by President Ranil Wickremesinghe in his capacity as the Minister of Finance, Economic Stabilisation and National Policies pertaining to the easing of import restrictions on several other items has also been approved by the Cabinet.
The above gazette has been issued in the backdrop where a number of economic analysts warned that relaxation of import restrictions will impact negatively on the exchange rates.
