COLOMBO -- For nearly three years, Irfan Abdul had been saving up to upgrade his three-wheel taxi to a four-wheeler. When Sri Lanka's vehicle import ban was finally lifted last month, he was elated -- but the joy was short lived as the vehicle of his dreams had more than doubled in price.
Economy
Sri Lanka resumes car imports to stimulate economy, collect duty
Government hopes for $1bn tax revenue but cars are beyond most pockets
Sri Lanka imposed an import ban on cars in 2020 and became a country in which used vehicles gain in value. (Photo by Ken Kobayashi)
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