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Why Pakistan import Banned of luxury items? Know The Facts

why pakistan import banned of luxury items

Information Minister Marriyum Aurangzeb announced thursday that govt has decided to impose a ban on the import of 38 non-essential luxury items under a “urgent economic strategy”.

During a news conference in Islamabad, she made the announcement. Prime Minister Shehbaz Sharif immediately responded on Twitter, saying that the decision will “save the country precious foreign exchange.”

“My decision to ban import of luxury items will 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 [previous] PTI government,” PM Shehbaz Sharif tweeted. He further stated that together “we will overcome all the challenges with resolve and determination”.

The statement comes as the dollar has witnessed a huge increase against the rupee over the recent weeks on account of the country’s rising import bill, growing current account deficit and depleting foreign exchange reserves. The dollar smashed all records on Thursday, rising to Rs200 in the interbank market.

PM Shehbaz is “working day and night to stabilise the economy,” the information minister said at her press conference.

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 cars as one such item.

List of Pakistan Import banned 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 announced that was “an emergency situation” and Pakistanis will have to make some sacrifices under the economic strategy, adding that the influence of these bans would be around $6 billion.

She stated “ import orders where the letter of credit had already been opened or where payment had been made would be processed but no newer ones would be entertained”.

“We will have to reduce our dependency on imports,” she stated “, adding that the government was now focusing on exports. The cabinet member said that under the government’s economic strategy, key industries would prosper while job opportunities would also emerge.

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

Criticising the PTI-led former government, Aurangzeb also said former prime minister Imran Khan had put all the cases against his own regime on the backburner. She held the PTI government responsible for the exponential increase in inflation and for committing “economic terrorism”.

“He promised an unfunded [fuel] subsidy and played with the economy. He started trying to trap the incoming govt,” she stated, adding that Imran was woefully unaware of the country’s economic difficulties.

Dismissing the PTI’s continuous demands for conducting early elections, the minister asserted that the government and its allied forces would make a decision in this regard, not the other way around. “It is our decision when to hold an election […] If you planned to hold elections, you would have done so before the no-trust motion was submitted.”

Only the current government, according to Aurangzeb, could get the country out of its current economic crisis. The prime minister is attempting to lower inflation, but such choices take time, according to her.

We have the capacity and experience to fix the current economic issues. The step taken to ban imported items is aimed at stabilising the economy.

Answering questions, the minister also said PM Shehbaz would address the nation in the next day or two and “clarify the entire affair”.

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