Greenback-starved Pakistan imports 2,200 luxurious autos – Enterprise

ISLAMABAD: The federal government has allowed the import of two,200 luxurious autos within the first six months of the present fiscal yr whereas the nation was crippled with strict overseas alternate management even for imports of important shopper objects and industrial items.

On account of the strict overseas alternate management, the piling of containers containing completely different shopper and industrial merchandise reaches nearly 8,500 within the first half of this yr at ports throughout the nation, an official supply instructed Daybreak on Monday. Opposite to this, the merchants put the stuck-up containers determine at 5,500.

As per customs knowledge, over 95 per cent of 8,500 containers are held up at ports because of the non-opening of letters of credit score (LCs).

These containers carry shopper items, industrial items, prescription drugs and perishable merchandise, whereas imports of used luxurious vehicles are swiftly clearing at ports.

Information confirmed that within the first six months, the import of latest vehicles stood at 193 autos. Of those solely 25 autos falls throughout the class of 1,000-1,800cc whereas 4 autos above 1,800cc through the interval below evaluation.

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