The federal government decided to impose a complete ban on the import of unnecessary and luxury items amid the continuous depreciation of the rupee


Karachi: Finance Minister Miftah Ismail said on Saturday the ban on the import of luxury items will continue till next month, adding that the government will not remove a ban on the import of luxury items for the betterment of the economy.
Addressing a ceremony in Karachi, he however said import of only export supporting items can be considered to be allowed.
Miftah Ismail said the national economy is moving in the right direction due to prudent policies of the government and steps are being taken to stabilize it.
The Finance Minister assured that problems of the business community would be resolved on a priority basis.
He urged the business community to extend cooperation to the government in its efforts to stabilize the national economy.
He said the government had to take tough decisions of withdrawing subsidies on petroleum products and power to bring the national economy on the right track.

Mashreq Digital Bank in Pakistan, Pakistanis in Emirates can send remittances for free
- 6 hours ago

PM Shehbaz Sharif leaves for London after completing Saudi visit
- 2 hours ago

IBO in Khuzdar, four terrorists of Fitna-tul-Hindustan killed
- 2 hours ago

Prominent Kashmiri freedom fighter Abdul Ghani Bhatt passes away at 89
- an hour ago

Heavy rain in areas of Islamabad, Azad Kashmir
- 4 hours ago
Pakistan’s BRICS membership likely by 2026: diplomatic sources
- 2 hours ago

Chairman PTA reinstated
- an hour ago

Four kids die after consuming poisoned food in Gujranwala
- 2 minutes ago

Pakistan's first, most advanced coblation treatment for cancer launched
- 3 hours ago

3 cops killed in shooting in US state of Pennsylvania
- 6 hours ago

Saudi Arabia, Pakistan together against aggressor, forever and ever: Saudi Defense Minister
- 3 hours ago

Taliban administration bans internet in Afghanistan
- 2 hours ago