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Pakistan bans import of non-essential luxury items to stabilise economy
TIWN
Pakistan bans import of non-essential luxury items to stabilise economy
PHOTO : TIWN

Islamabad, May 20 (TIWN) The Pakistani government has imposed a complete ban on the import of more than three dozen non-essential luxury items as part of an emergency economic plan to stabilise the national economy.

Pakistan's current account deficit has spiralled out of control and its foreign exchange reserves have tumbled while the Pakistani rupee has plummeted to historic lows against the U.S. dollar.  "All those non-essential luxury items that are not used by the wider public, a complete ban has been imposed on their import," minister Marriyum Aurangzeb told reporters.

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