January 09, Colombo (LNW): Amidst efforts to fortify the country’s economy, Finance State Minister Ranjith Siyambalapitiya reiterated the stance against permitting vehicle imports at the current phase. Responding to media inquiries regarding a potential lift on the ban, he affirmed that no such decision had been made by the Government.
Dismissing speculations suggesting the possible allowance of imports for vehicles under 1000ccs, the State Minister asserted that no vehicle imports would be sanctioned until further consolidation of the economy.
Highlighting the formation of a committee specifically tasked with scrutinizing vehicle imports, Siyambalapitiya outlined the parameters under consideration. The committee is diligently evaluating factors such as prioritizing vehicle categories for import, assessing existing vehicle shortages, and scrutinizing the adequacy of the road infrastructure to accommodate additional vehicles.
Emphasizing the crucial role of the committee’s recommendations in dictating future decisions on imports, the State Minister underscored the strain that vehicle imports place on foreign reserves. He reaffirmed the government’s commitment to safeguarding the gradually improving economy from potential setbacks.
Addressing circulating rumors, particularly on social media platforms, Siyambalapitiya firmly dispelled claims of an imminent allowance for vehicle imports, reiterating that the Government remains resolute in withholding such permissions.
“At present, the Government is unwavering in its decision to prohibit vehicle imports,” he concluded.
