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Home Business & Stock

Tareen says banning import of luxury items is a good step

Our Correspondent by Our Correspondent
May 24, 2022

KARACHI: While reacting to the government announcement regarding the ban on the import of 38 luxury items, former Finance Minister Shaukat Tareen has said that this ban would not benefit the poor people of Pakistan.  

Talking to a private TV channel, Shaukat Tareen said that banning the import of luxury items is a good step, which they also tried, but it does not benefit the poor people directly.

He said that the incumbent government is confused, statistics prove that their six-week performance has been abysmal. The PTI government left with the Dollar at Rs182, which has shot over Rs200 in just six weeks, he added.

Earlier on the day, Information Minister Marriyum Aurangzeb announced that the government has imposed a ban on the import of all non-essential luxury items under an “emergency economic plan”. 

Prime Minister also tweeted about the government’s decision and wrote, “My decision to ban the import of luxury items will save the country precious foreign exchange. We will practice austerity & 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 PTI govt.”

The government has issued a list of about 38 items including cars and mobile phones that will come under the imposed ban.

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