News Karnataka
Friday, March 29 2024
Cricket
Asia

Sri Lanka relaxes import restrictions on 369 items

Sri Lanka will host the 37th session of the Asia Pacific Regional Conference (APRC) of the Food and Agriculture Organization of the United Nations (FAO) in February, 2024
Photo Credit : IANS

Colombo:  Sri Lanka has relaxed import restrictions imposed on 369 items in March and April this year, the Ministry of Finance said on Wednesday June 1 in a press release.

Prime Minister Ranil Wickremesinghe, in his capacity as the minister of Finance, Economic Stabilization and National Policies, has issued a gazette notification on the relaxation, the ministry was quoted as saying by Xinhua news agency.

Earlier, those who wanted to import any of the 369 items had to obtain an import license, and the decision to restrict the import was taken to reduce foreign currency spending on foreign products.

Sri Lanka’s central bank on Monday announced that it will ensure importers to have access to adequate foreign exchange through the banking sector to import essential items.

Sri Lanka has been facing crippling foreign currency shortages this year, which has affected the import of essential items.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

To get the latest news on WhatsApp