Jul 31, 2021

No dollars in banks ; Medicine, milk powder imports to be affected too

No dollars in banks ; Medicine, milk powder imports to be affected too

Laugfs Gas Chairman W.K.H. Wegapitiya has said that a shortage of Laugfs gas in the market was due to the fact that Sri Lankan banks did not have the required dollars to open LCs for gas imports.

He adds that this situation will also have a severe effect on milk powder and medicines in the future.

No matter how many discussions were held with the present government, no fair solution had been reached, he had further said.

He says the current situation has severely affected not only his company but also many other importers.

Noting that he was deeply distressed by the inconvenience caused to his customers, Mr. Wegapitiya had further noted that a business cannot be run at a loss or without the necessary financial facilities to import gas.

(Source - Lanka C News)

Top