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Your email address will not be published.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

‘Details of agreement with IMF to be made public’: Ishaq Dar

Finance Minister Mohammad Ishaq Dar on Thursday assured that details of the…

Dollar market under control, stability has returned: Miftah

On Thursday, Finance Minister Miftah Ismail said the dollar market was now…

Global halal market expected to reach $7.7 trillion by 2025

The volume of growth in the global halal market is expected to…

PSX gains 657 points as political crisis ends

Karachi: On Friday, Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index registered a…