- Last Update 2025-06-09 18:50:00
Restrictions on private vehicle importation to be remain unchanged: State Finance Minister
The government policy of restricting the importation of private vehicles would remain unchanged until foreign reserves build up to a satisfactory level, a senior Minister said.
State Finance Minister, Ranjith Siyabalapitiya told the Times Online that in order to allow the importation of vehicles into the country, foreign reserves should be maintained over USD 6 Billion. Meanwhile, the Central Bank of Sri Lanka (CBSL) said today that its gross foreign reserves are estimated to be at USD 3.5 billion in September including a swap facility from China.
The State Minister further added that the government would further restrict personal vehicle importation through the 2024 budget as well. He added that currently, Sri Lanka is economically unable to allow vehicle importation as it would cost USD 2 Billion annually.
The Minister said that currently the Finance Ministry is building up foreign reserves and is planning to build up USD 3.8 Billion of foreign reserves through the 2024 budget.
Earlier State Minister Shehan Semasinghe said that import restrictions on another 299 items including 67vehilce types used for commercial use will be relaxed in the coming weeks.
-
Still No Comments Posted.
- May 31, 2025 - 501 - 0
Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
- June 2, 2025 - 468 - 0
National Tax week launched
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
- June 2, 2025 - 372 - 0
SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.
- June 3, 2025 - 214 - 0
Krishanthi Kumaraswami convicts FR dismissed by SC
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
- June 6, 2025 - 213 - 0
SriLankan flight grounded in Indonesia
A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.
- May 31, 2025 - 174 - 0
Your Sunday Times highlights for this week
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
Related Articles
Protest in Colombo over attack on food aid ship to Gaza
- 09/06/2025 - 47 - 0
Service of Commissioner General of Prisons suspended
- 09/06/2025 - 57 - 0
Mahindananda files appeal over 20 year conviction
- 09/06/2025 - 49 - 0
Leave Comments