Is the import ban lifted in Pakistan after the PAK government received an IMF loan?
The government imposed an import ban in Pakistan back in November 2021 in an effort to conserve foreign exchange reserves. The ban covered a wide range of goods, including luxury items, non-essential raw materials, and some food items.
The ban was met with mixed reactions. Some people welcomed it as a necessary measure to address the country's balance of payments crisis. Others criticized it as an unnecessary burden on businesses and consumers.
In April 2022, the Pakistani government reached an agreement with the International Monetary Fund (IMF) for a $6 billion loan. As part of the agreement, the government agreed to lift the import ban on some goods.
However, the import ban on other goods remains in place. These include luxury items, non-essential raw materials, and some food ...