Sri Lanka Government to relax import restrictions on nearly 400 items
Posted by Editor on June 2, 2023 - 6:55 pm
Sri Lanka Government to relax existing import restrictions on about 300 to 400 items from next week.
Speaking to media in Ruwanwella, State Minister of Finance Ranjith Siyambalapitiya said with the strengthening of the Rupee and a significant improvement in foreign exchange inflows, they are in a position to relax certain restrictions imposed last year at the height of the financial crisis.
Minister Siyambalapitiya highlighted that the import restrictions were initially put in place due to the shortage of foreign exchange in April of 2022.
Latest Headlines in Sri Lanka
- Eran Wickramaratne resigns from COPE March 18, 2024
- ADB approves $100 million loan to support SMEs in Sri Lanka March 18, 2024
- Funeral held for Sri Lankan family slain in worst mass killing in Ottawa history March 18, 2024
- CID arrests Immigration Officials for issuing fake passports to criminals March 18, 2024
- One killed, 37 injured in bus accident in Peradeniya March 17, 2024