Crisis-hit Pakistan imported over 2,000 luxury cars: Report
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Crisis-hit Pakistan allowed over 2,000 luxurious cars to be imported at the same time as shipments of vital client items remained caught at ports, in keeping with a Dawn newspaper record.
Pakistan is grappling with a forex crisis, which has halted nearly all imports. An IMF crew is scheduled to go to the u . s . a . this week to speak approximately an pressing bailout package.
The Dawn newspaper record stated that Pakistan imported 164 luxurious electric powered cars among July and December of 2022. There became additionally a leap withinside the imports of used luxurious cars.
Pakistan imported almost 1,990 such cars withinside the closing six months, in keeping with the record.
Senior customs officers instructed the newspaper that maximum of the imports came about July to September, with a totally small quantity of motors being imported October to December.
On the alternative hand, over 5,000 bins of with client and commercial items had been held up at ports, the newspaper reported.
Pakistan’s overseas reserves have fallen to $3.7 billion — a document low. The u . s . a . is grappling with inflation, the aftermath of the disastrous flooding in 2022 and an acute power shortage.
It handiest has sufficient for some of weeks of imports, information employer AFP reported.
In reaction to the crisis, Pakistan’s nation bank, starting this month, refused to trouble letters of credit score for all imports, barring meals and clinical supplies.
Crisis-hit Pakistan allowed over 2,000 luxurious cars to be imported at the same time as shipments of vital client items remained caught at ports, in keeping with a Dawn newspaper record. Pakistan is grappling with a forex crisis, which has halted nearly all imports. An IMF crew is scheduled to go to the u .…