On August 18, Finance Minister Miftah Ismail announced that the government was lifting the ban on the import of non-essential and luxury items. Addressing a press conference in Islamabad, Ismail said: “When we have limited dollars and we have to feed a huge population, our priority automatically becomes [the nation]. We had to choose between importing cars and wheat — that’s why we imposed a ban [on non-essential items].”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

SBP amends regulations of forex

The State Bank of Pakistan made certain amendments to the regulations of…

Gold price in Pakistan jumps on seasonal demand

Gold prices jumped on Friday as demand for the safe-haven metal was…

FBR Shifts Tajir Dost Scheme Focus to High-Potential Retailers

The Federal Board of Revenue (FBR) has revised the Tajir Dost Scheme,…

Nepra hikes power tariff for KE consumers

The National Electric Power Regulatory Authority (NEPRA) has approved Rs0.56 per unit…