Pakistan lifts luxury goods import ban, to impose heavy duties

Pakistan on Thursday lifted an import ban on luxury goods, but such items will be heavily taxed, Finance Minister Miftah Ismail said.

Pakistan banned the import of all non-essential luxury goods in May as part of several measures put in place to avert a balance of payments crisis and stabilise the economy. Automobiles, cell phones and home appliances were three main categories that were adversely affected by the import curbs.

Source: Zawya

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