Govt lifts ban on import of non-essential goods
Federal Minister for Finance and Revenue, Miftah Ismail here on Thursday announced lifting of ban on import of non-essential and luxury goods on the demand of International Monetary Fund (IMF), however said that the Regulatory Duties (RDs) would be enhanced manifold to discourage import of such products. “It is requirement of international community that there should be no ban so we are lifting ban on all products. But simultaneously the duties I am going to impose would not let these commodities to enter into Pakistan as finished goods,” the minister said while addressing a press conference. The minister said RDs would be enhanced three times or to maximum possible level and can go even upto 400 to 600 percent or more. He said that Pakistan was not having many dollars to spend on import of luxury items he said adding that the existing resources would be utilized to provide the people of the country with flour, wheat, cotton, edible oil instead of I-phones or luxury vehicle.
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