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Less than three months ago, the coalition government announced a ban on the import of luxury items. The ban included an extensive list of commodities, including completely built-up (CBU) cars.
According to a recent media report, the government will remove the ban on luxury items, with the exception of cars and mobile phones.
The government has asserted that vehicle and mobile phone imports have had a significant impact on Pakistan’s soaring import costs. The officials explained that most of the unbanned items have little effect on the foreign exchange reserves
