Govt accepts another IMF demand, lifting all restrictions on imports
Banks have been allowed to provide foreign exchange to release more than 6,000 containers stuck at the ports, condition of priority imports in providing foreign exchange has been removed, State Bank
Government lifted all restrictions on imports, fulfilling another condition of the IMF.
The State Bank of Pakistan has issued a circular to remove all restrictions imposed on imports.
According to the circular issued by the State Bank, banks have been allowed to provide foreign exchange to release more than 6,000 containers stuck at the ports after lifting restrictions on imports.
According to the State Bank, the condition of priority imports has been abolished in the supply of foreign exchange for imports, now foreign exchange will be provided for all imports without discrimination, and authorized dealers of foreign exchange have been instructed to provide foreign exchange for all imports. According to the State Bank, the decision has been taken on the suggestions of the stakeholders.
On the other hand, sources say that there is a week left for the end of the IMF grace period and the government is trying hard to convince the IMF, for which the IMF’s condition of lifting the ban on imports has been met. has also been completed.
