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Pakistan lifts import ban on luxury goods

Islamabad | The Pakistan authorities has lifted a ban imposed in May on the import of ‘non- and luxurious items’, besides cars, cell telephones and electronics gadgets. Daybreak newspaper has given this report on Friday.
As well as, the federal government has elevated sellers’ fee on the sale of petroleum merchandise by an unprecedented 70 per cent.

This determination has been taken within the assembly of the Financial Coordination Committee (ECC) of the Cupboard chaired by Finance Minister Miftah Ismail. The committee additionally permitted tenders for 2 lakh tonnes of wheat value about $408 a tonne and a $11.16 million monetary help for the households of Chinese language employees who died within the Dasu Hydroelectric Mission in July final 12 months. Is.

The assembly additionally permitted a 70 per cent enhance in sellers’ fee on the sale of Excessive-Velocity ​​Diesel (HSD) from the current Rs 4.13 to Rs 7 per liter. The report mentioned that former Prime Minister Shahid Khaqan Abbasi and The hike was permitted on the premise of an settlement signed with the sellers in 2018 by Minister of State for Petroleum Musadiq Malik, who was then the Finance Minister.

The ECC mentioned that on the demand of Oil Advertising Firms (OMCs) to extend their margins on each the merchandise to Rs 7 per liter from the present Rs 3.68, however it is going to be taken individually, in order that the sellers get the profit from August 1. and OMC will enhance the costs in phases from September 1.

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