The Committee on Public Finance has decided to summon the Governor of the Central Bank, the Secretary to the Ministry of Finance and other officials next week.
The officials are expected to discuss the current economic crisis and favorable solutions.
Meanwhile, the Import and Export Control Regulations No. 6 of 2022 mentioned in the Gazette Notification enacted under the Import and Export (Control) Act No. 1 of 1969 were also approved by the Committee yesterday.
Through this gazette notification, the cost of importing goods subject to import control licenses will be saved without any hindrance to local industries and exports.
It was revealed that the cost of importing goods such as Watches, Telecommunication equipment and parts, Dairy products, Alcohol, Beauty products, Candles, Lamps and lighting accessories, Fruits, Rubber products, Electrical and electronic items was higher and that this is 84% of the total import cost.
Accordingly, it is expected to save a considerable amount of approximately USD 512 million spent on the importation of these goods during the last three years without hindering local industries and exports.
