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Pakistan bans import of non-essential luxury items as dollar hits double century

07:58 PM | 19 May, 2022
Pakistan bans import of non-essential luxury items as dollar hits double century
Source: File photo

ISLAMABAD – The newly installed federal government has banned the imports of 38 non-essential luxury items under the 'emergency economic plan'.

Federal Information Minister Marriyum Aurangzeb announced the development in a presser soon after Prime Minister Shehbaz Sharif said that the decision would ‘save the country precious foreign exchange’.

Taking it to Twitter, PM Shehbaz said 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.

Auranzgeb assured the masses that PM Sharif was ‘working day and night to stabilise the economy’. Addressing the import ban, she said these items are those which are not in the use of the general public.

The list of the banned items includes automobiles, mobile phones, home appliances, fruits and dry fruits (except from Afghanistan), crockery, private weapons and ammunition, shoes, chandeliers and lighting, 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, confectionery, luxury mattresses and sleeping bags, jams and jelly, cornflakes, toiletries, heaters, blowers, sunglasses, kitchenware, aerated water, frozen meat, juices, pasta, ice cream, cigarettes, shaving goods, luxury leather apparel, musical instruments, salon items and chocolates.

The senior PML-N leader said Pakistanis would have to make sacrifices under the economic plan, adding that the impact of these bans would be around $6 billion.

Marriyum, while taking a jibe at the former government, held Imran Khan responsible for the exponential rise in inflation, the minister termed PTI’s decision as ‘economic terrorism’.

She however maintained that the PML-N government could steer the South Asian country out of the current economic crisis, saying PM Sharif is working hard to control inflation.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal 12 April

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 12, 2024.

US Dollar rate in Pakistan

On Friday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024

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