Foreign Ministry Lifts Vehicle Import Ban, Restoring Economic Stability

News Today: Sri Lankan Government Announces Vehicle Import Ban Lift by February 2025

The Sri Lankan Foreign Ministry has announced that the ban on all vehicle imports will be lifted by February 2025, marking a significant step in the country’s economic recovery. The Foreign Minister, Ali Sabry, told Legacy Daily that the decision came after notable improvements in foreign exchange reserves, leading to a stronger Sri Lankan Rupee.

“This decision is part of our ongoing efforts to restore normalcy in the economy and meet the needs of our people,” Sabry stated, emphasizing the positive outlook on Sri Lanka’s future. The vehicle import ban, initially implemented to control the drain on forex reserves, will now be gradually phased out as the country regains economic stability.