Finance Min. denies reports on halting import of non-essential luxury goods

The Ministry of Finance says the government has not taken a decision to impose restrictions on the import of non-essential luxury goods.

Recent media reports claimed that the government is mulling the restrictions of electronic appliance including mobile phones, televisions and refrigerators as wells as perfumes, deodorants and other similar items.

It was further reported that steps would be taken to relax the import restrictions after foreign reserves in the country are strengthened.

However, a spokesperson of the finance ministry denied the media reports as ‘baseless.’

Meanwhile, a special press conference chaired by State Minister of Money & Capital Market and State Enterprise Reforms Ajith Nivard Cabraal is expected to take place tomorrow (July 05) to brief the public on the country’s current economic situation.