ISLAMABAD – Finance Minister Miftah Ismail announced that the Pakistanigovernment was lifting the ban on the import of non-essential and luxuryitems.
Addressing a presser in the country’s federal capital, the finance chiefsaid regulatory duties would be enhanced manifold to dampen the import ofluxury and non-essential products.
Recalling the economic plights of cash strapped country, Miftah mentionedthat Pakistan was not having many dollars to spend on the import of luxuryitems, saying the crucial resources would be utilized for basic commoditieslike flour, wheat, cotton, and edible oil instead of luxury mobile phonesand vehicles.
The Minister said the government allowed imports of such items to complywith the conditions of global lender and other international pacts whilealso keeping the current account deficit in check.
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He also announced that the tax on cigarettes and tobacco will be increasedin the latest move.
