By News desk
KARACHI: Reacting to measures taken by the government to save fast depleting foreign reserves, former finance miniser Hammad Azhar has termed the ban on luxury items ‘inconsequential’ given the low quantum of non-oil current account deficit which hovers around $1 billion.
In a tweet, he asked for the percentage of the total import bill these banned items constitute.
“These measures will affect millions of traders and shopkeepers and have negative impact on bilateral trade,” Azhar said, adding that the government steps will also give rise to smuggling and ‘hundi’.
Farmers threshing rice crops in their fields with the help of a thresher. — APP/FileMULTAN: Punjab Chief Minister...
A screengrab from a video of the Khyber Food Festival inaugurated at the Karnal Sher Khan Stadium on December 21,...
A representational image of a kidnapped woman with tied hands. — APP/FileTOBA TEK SINGH: A man abducted a woman and...
A representational image shows a person preparing an injectable substance. — AFP/FileKARAK: The office-bearers of a...
KP police officer interacts with the personnel in this image, released on November 8, 2023. — Facebook/Khyber...
ANP provincial president Aimal Wali Khan speaks in this image during a party gathering on January 8, 2024. —...
