For the first time in Pakistan, luxury or non-essential commodities have been completely banned in the country to help the nation emerge from its financial crisis. Minister of Information Marriyum Aurangzeb confirmed the economic strategy established by the federal government on Thursday.
The Information Minister stated that this is an emergency situation and Pakistanis will have to make sacrifices under the economic plan. This will have a quick impact on foreign reserves. The ban will have an impact of $6 billion.
Aurangzeb went on to say that the government’s priority was to cut imports, thus it was going to implement an export-oriented policy that would help local industry and producers.
Prime Minister (PM) Shehbaz Sharif is working “day and night” to stabilise the economy, according to the information minister, and has decided to ban the import of all commodities that are not in common use.
Food, decorating, and luxury automobiles were among the imports, according to Aurangzeb, who emphasised that the country was in a “difficult economic condition” as a result of the previous government’s policies.
Here’s a detailed list of banned goods:
- Cars
- Mobile phones
- Home appliances
- Private weapons and ammunition
- Fruits and dry fruits (except Afghanistan)
- Crockery
- Shoes
- Chandeliers and lighting (except energy savers)
- Headphones and loudspeakers
- Sauces, ketchup etc.
- Doors and window frames
- Travelling bags and suitcases
- Sanitary ware
- Fish and frozen fish
- Carpets (except Afghanistan)
- Preserved fruits
- Tissue paper
- Furniture
- Shampoos
- Confectionary
- Luxury mattresses and sleeping bags
- Jams and jelly
- Cornflakes
- Bathroom ware/toiletries
- Heaters/blowers
- Sunglasses
- Kitchenware
- Aerated water
- Frozen meat
- Juices
- Pasta etc
- Ice cream
- Cigarettes
- Shaving goods
- Luxury leather apparel
- Musical instruments
- Saloon items like hairdryers etc.
- Chocolates
The declaration, according to the information minister, is part of the present government’s fiscal plan to combat the PTI’s incompetent policies.
Aurangzeb chastised the PTI for criticising the incumbent administration over the country’s economic woes, claiming that the Imran Khan-led government had raised inflation, taken historic debts, committed “economic terrorism,” and manipulated the economy by subsidising gasoline prices.
By subsidising the price of petroleum goods, the PTI administration broke its agreement with the International Monetary Fund (IMF), according to the Information Minister.
Via: Geo