ISLAMABAD, Pakistan: The federal government has banned import of non-essential and luxury items to control inflation, stabilize foreign exchange reserves, strengthen economy, and reduce Country’s reliance on imports.
While addressing a News Conference in Islamabad on Thursday, the Minister for Information and Broadcasting Marriyum Aurangzeb said that luxury imported items include vehicles, mobile phones, home appliances, dry and fresh fruits, crockery, private weapons, decoration items, preserved and frozen food items, sanitary where, doors and windows, beauty and confectionary items.
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The information minister said that the government is working on an emergency fiscal plan and economic management and annual impact of these steps will be around US$ 6 billion. She added that it will also help reduce the Current Account Deficit (CAD).
The minister said that the prime objective of these measures are aimed at reducing reliance on imports and introduce export-oriented policy to promote local industry in the Country.
Marriyum Aurangzeb said that a plan is also being prepared to promote local manufacturers so that people will be provided employment opportunities.
The minister said that Prime Minister Shahbaz Sharif is making strenuous efforts to provide relief to the common people. She said that the government is also taking measures to improve energy situation in the Country.
