Sunday, 8 December 2024
Trending
Imported items banned in Pakistan
UPDATES

Govt Bans Import of Non-Essential Luxury Items

Information Minister Marriyum Aurangzeb announced on Thursday that the government has imposed a ban on the import of 38 non-essential luxury items under an “emergency economic plan”.

She made the announcement while addressing a press conference in Islamabad. Shortly after, Prime Minister Shehbaz Sharif took to Twitter to say that the decision would “save the country precious foreign exchange”.

“We will practice austerity and financially stronger people must lead in this effort so that the less privileged among us do not have to bear this burden inflicted on them by the PTI government,” he said, adding that the nation would overcome these challenges with “resolve and determination”.

The decision comes as the dollar has witnessed a meteoric rise against the rupee over the past few weeks on account of the country’s rising import bill, growing current account deficit and depleting foreign exchange reserves. On Thursday, the dollar soared to Rs200 in the interbank market and broke all records.

Dollar-Rate-Increased-Paisa
Dollar Rate

During her press conference, the information minister assured the nation that PM Shehbaz was “working day and night to stabilise the economy”.

See also  Photo shopped fake version of FBR Website

Maryam Aurangzeb said that in light of this, it was decided to impose a ban on the import of all non-essential luxury items. “These items are those which are not in use of the general public,” she said as she identified imported vehicles as one such item.


List of banned Imported items

  • Automobiles
  • Mobile phones
  • Home appliances
  • Fruits and dry fruits (except from Afghanistan)
  • Crockery
  • Private weapons and ammunition
  • Shoes
  • Chandeliers and lighting (except energy savers)
  • Headphones and loudspeakers
  • Sauces
  • Doors and window frames
  • Travelling bags and suitcases
  • Sanitary ware
  • Fish and frozen fish
  • Carpets (except from Afghanistan)
  • Preserved fruits
  • Tissue paper
  • Furniture
  • Shampoos
  • Confectionary
  • Luxury mattresses and sleeping bags
  • Jams and jelly
  • Cornflakes
  • Toiletries
  • Heaters, blowers
  • Sunglasses
  • Kitchen ware
  • Aerated water
  • Frozen meat
  • Juices
  • Pasta
  • Ice cream
  • Cigarettes
  • Shaving goods
  • Luxury leather apparel
  • Musical instruments
  • Salon items like hair dryers etc
  • Chocolates

She declared that it was “an emergency situation” and Pakistanis would have to make sacrifices under the economic plan, adding that the impact of these bans would be around $6 billion.

See also  How to Get Weboc Login Registration in Pakistan | Import Export License

She said the new measures would also have an impact on the current account deficit, adding that this step had been taken under an “emergency economic plan”. She said that a meeting will also be held later today on how to reduce the impact of energy prices on consumers.

tax accounting services top tax consultants lahore pakistan
Ads:
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: