Press "Enter" to skip to content

Posts tagged as “items”

Government faces headwinds in Parliament

By Yohan Perera in Daily Mirror, Dec 11, 2023Colombo, Dec 11 (Daily Mirror) – The government faced headwinds in Parliament yesterday in its attempt to boost revenue by enacting a piece of legislation to reduce the VAT-exempted list from 138 categories of items to 97, a move that will have a two percent inflationary effect. The House was convened yesterday for a special session despite it being a Sunday, given the urgency to pass the…

Worsening hunger

Editorial in Dawn, December 8th, 2022THAT the dollar liquidity crunch has started hurting the import of essential items such as vegetables and raw material for drugs shows how dire the situation has become. A report in this newspaper says that commodity importers continue to face problems in opening letters of credit for imports because of the shortage of dollars in the market. Held up at various terminals of the Karachi port are 417 containers of…