State Minister of Finance Ranjith Siyambalapitiya has confirmed that import restrictions on 300 products will be lifted by the weekend.
Speaking in Parliament, State Minister Siyambalapitiya said accordingly the number of items subject to import restrictions will be reduced to 1,216.
The State Minister said the government was compelled to take difficult and unpopular decision due to the economic crisis.
He noted that the public is now gradually reaping the rewards of those decisions. State Minister Siyambalapitiya also acknowledged that small- and medium-scale enterprises were affected due to import restrictions.
He said now the restrictions are being eased gradually while steps have also been taken to reduce interest rates.
The State Minister noted that such measures will help economic activity.