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Ban on import of luxury items

ISLAMABAD: As rupee touched 200 against US$ on Wednesday (17th of May, 2022) due to political and economic uncertainty, concerned quarters hesitantly came out of hibernation to impose ban on import of luxury items. 

However, savants at the helm of affairs are of the view that such attempts would fail to stop the plummeting rupee.

In order to bridle the continuous depreciation of rupee against dollar, a ban has been imposed on import of non-essential/luxury commodities.

According to sources cars above 1000cc, mobile phones, power generation units, steel products, home appliances will become costlier.

Pak rupee touches 200 against US $

Pk Govt begins talks with IMF

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.