The Sri Lankan government this week confirmed it will lift its ban on vehicle imports into the country this year, as it looks to increase its import tax revenues and improve public finances. The ...

Sri Lanka imported about $1.4bn worth of vehicles in the year before the ban was imposed. This year the central bank says it's planning to allocate up to a billion dollars for vehicle imports, but ...

Sri Lanka is guided by IMF conditions that its forex reserves have to be maintained and built in order to avoid another 2022 type crash of the economy. With the aid of USD 2.9 billion IMF bail-out in ...

Sri Lanka has announced that they will lift the vehicles import ban which was put in place in 2020 to ease the pressure on foreign exchange reserves owing to the COVID-19 pandemic.. By the gazette ...

Sri Lanka will lift the restrictions on the import of all vehicles in a phased-out manner by February next year as part of the island nation's efforts to "restore normalcy in the economy", according ...

Current tax rates on vehicles are over 300 per cent. Sri Lanka spent $1.4 billion on vehicle imports in 2019, the last full year before the import ban was imposed in March 2020.

Sri Lanka imported about $1.4bn worth of vehicles in the year before the ban was imposed. This year the central bank says it's planning to allocate up to a billion dollars for vehicle imports, but ...

Colombo, Dec 18 (PTI) Sri Lanka has announced that they will lift the vehicles import ban which was put in place in 2020 to ease the pressure on foreign exchange reserves due to the COVID-19 pandemic.

Sri Lanka imported about $1.4bn worth of vehicles in the year before the ban was imposed. This year the central bank says it's planning to allocate up to a billion dollars for vehicle imports, but ...