The Sri Lankan government this week confirmed it will lift its ban on vehicle imports into the country this year, as it looks ...

Vehicle Imports: Sri Lanka will lift its vehicle import restrictions in phases starting October 1, as part of efforts to restore economic normalcy. The phased approach will first allow public ...

Sri Lanka has announced to allow import of vehicles in a phased manner starting from October 1, a decision that came after four years and as part of the island nation's efforts to keep up with the IMF ...

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 ...

However, while the reintroduction of imports will put pressure on foreign exchange reserves, measures have been implemented to balance this, including additional duties on motor vehicle imports. Sri ...

With up to 300% import duties applied to passenger cars pre-pandemic, Sri Lanka has missed out on significant tax revenues since the ban was introduced.

Sri Lanka lifts ban on vehicle imports. Government aims for higher tax revenues from import duties. February 19, 2025. Share Copy Link; Share on X ... (IMF) bailout agreement, ...

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 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 ...