State Finance Minister Ranjith Siyambalapitiya states that a gazette notification easing import restrictions on buses, trucks, and lorries used for public transportation will be issued this week.
However financial analysts predict that the import of additional vehicles will be further postponed given the current level of foreign exchange reserves.
They also emphasize that the acceleration of vehicle imports could cause the US dollar exchange rate to increase once more.
The recent guidelines on the preparation of the budget for 2024 say that vehicle import restrictions will continue for next year.
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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