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Imports

Pakistan spending 66 per cent of forex on fuel imports

06 Nov 2022

Energy prices are on a surge worldwide due to Russia-Ukraine war and the economy is deteriorating due to inflation and its depreciating currency. Amid this, Pakistan is forced to spend 66 per cent of its forex reserve on fuel imports. According to reports, Pakistan presently spends over USD 21.43 billion...

Despite the restriction, Pakistan imports luxury goods

24 Jul 2022

Pakistan has banned the import of luxury goods to help the nation out of its economic crisis, but the country's finance minister has since stated that Islamabad still permits these imports. According to ARY News, the Pakistani government presented an emergency economic plan in May and prohibited the importation of...