Artificial increase in dollars’ price being checked: Shaukat Tarin
ISLAMABAD: Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin...
Tarin for reducing import of unnecessary luxury item. Image: APP
ISLAMABAD: Adviser to the Finance and Revenue Shaukat Tarin has directed the relevant authorities to take effective policy measures to reduce unnecessary imports of luxury items.
The adviser made these remarks, while presiding over a meeting to review the balance of trade at the Finance Division, a statement issued by the Finance Ministry said.
The meeting reviewed important bills tabled during the last five months from July to November 2021. It was informed that pressure on import bill was mainly due to the global high commodity prices, especially energy, steel, and industrial raw materials.
The forum also noted that high import of vaccine contributed significantly to the rise in import bill. Moreover, it was informed that there would be less import of food items, furnace oil and vaccines in the coming months that would significantly reduce the pressure on trade bill in the second half of the current fiscal year.
Among others, the meeting was attended by Federal Minister for National Food Security and Research Syed Fakhar Imam; Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar; Federal Minister for Energy Hammad Azhar; Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood, federal secretaries, State Bank of Pakistan (SBP) Governor Dr Reza Baqir, Federal Board of Revenue chairman Dr Muhammad Ashfaq Ahmed and other senior officers.
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