Pakistan considers ban on import of Luxury cars & smartphones

[Fawadqasim1]

which one Bugatti Chiron or Mercedez-Benz or Bentley?

Suzuki cultus

 

[war&peace]

47

Then sir, you are older than me but I bet you are still half the age of @Retired Troll

Suzuki cultus

But it is not a luxury car by any stretch of meanings... so how will he get affected if the taxes are lowered on luxury cars?

 

[El Sidd]

Explain how?


Half your age I guess

You make assumptions too much. Your experience of Pakistani Life can be rather illogical. A Smartphone is not a Luxury item.

You are a good 20 years off or stuck in 2001.

Take a guess how old i am?

 

[Fawadqasim1]

Why do you require a driver aged 47? How long is your daily commute?

Thats a trick question i got paralysed for about
14 months you and i joined this forum almost togather look at my number of posts and look at yours you never thought where is the guy who called me la la lander

 

[war&peace]

You make assumptions too much. Your experience of Pakistani Life can be rather illogical. A Smartphone is not a Luxury item.

You are a good 20 years off or stuck in 2001.

Come on!! I was there just in July ..

Take a guess how old i am?

That's pretty simple, he is 47 and you're twice as old as him so around 84 yrs or more..

 

[ranawat]

A push on exports could generate up to $2 billion in extra inflows.

Pakistani economic advisors discussed banning imports of luxury cars, smartphones and cheese in a wide-ranging strategy session on how to avoid seeking a bailout from the International Monetary Fund (IMF), a senior government advisor said.

While no decisions were made, the floating of radical measures to tackle Pakistan's ballooning current account deficit by the newly formed Economic Advisory Council (EAC) underscores the new government's determination to avoid another IMF bailout.

The EAC held its first session last week, chaired by Finance Minister Asad Umar, who took office last month.

A lull in Pakistani exports and a relative spike in imports has led to a shortage of dollars in the economy, putting pressure on the local currency and dwindling foreign currency reserves.

That has prompted most financial analysts to predict Pakistan will turn to the IMF for its 15th bailout since the early 1980s. But new Prime Minister Imran Khan has criticized a culture of dependency and his party's officials have expressed concerns that the reforms and austerity the IMF might demand would strangle promised government spending.

Ashfaque Hasan Khan, a university professor who is one of more than a dozen EAC members, told Reuters that during Thursday's meeting, the focus was on outside-the-box ideas that would help curb imports.

"I didn't find any member (who) suggested that Pakistan should go to the IMF because there is no other alternative," he said. "We need to take some actions. 'Do nothing' scenario is unacceptable."

Umar could not be reached for comment on the EAC meeting. He recently told the Senate that while Pakistan needs to meet a $9 billion financing requirement, the IMF should only be a fallback option.

Khan said the more radical steps discussed were a year-long ban on imports for cheese, cars, cell phones and fruit that could "save some $4-5 billion". A push on exports could generate up to $2 billion in extra inflows, he added.

"You see how much cheese is coming in this country from abroad," Khan said. "Market is full of imported cheese. Does this country, which doesn't have dollars, deserve this, that it is importing cheese?"

Last year, the previous government hiked tariffs by up to 50 percent on 240 imported items, including cheese and high-horsepower cars, and imposed regulatory duties on dozens of new imports. But no outright import bans were issued.

The current account deficit widened by 43 percent to $18 billion in the year ended June 30, hit by a jump in oil prices. Pakistan imports about 80 percent of its oil needs.

To ease current account pressures, Pakistan's central bank has devalued the rupee four times since December, while interest rates have been hiked three times this year.

https://www.khaleejtimes.com/intern...n-considers-ban-on-import-of-cars-smartphones

I think a good decision in the right direction.

Very good decision

 

[El Sidd]

Thats a trick question i got paralysed for about
14 months you and i joined this forum almost togather look at my number of posts and look at yours you never thought where is the guy who called me la la lander

Lol i know man. I spend too much time here.

Sorry to hear about that. When you are fully fit again. We can have a drag race

 

[Fawadqasim1]

Lol i know man. I spend too much time here.

Sorry to hear about that. When you are fully fit again. We can have a drag race

Absolutely

 

[El Sidd]

Come on!! I was there just in July ..

You Pass judgement on society which you observe on average 45 days per year. Thats harsh on them.

That's pretty simple, he is 47 and you're twice as old as him so around 84 yrs or more..

I just retired

 

[Fawadqasim1]

Then sir, you are older than me but I bet you are still half the age of @Retired Troll


But it is not a luxury car by any stretch of meanings... so how will he get affected if the taxes are lowered on luxury cars?

I was not talking about luxury cars. Smart phones bro

 

[war&peace]

You Pass judgement on society which you observe on average 45 days per year. Thats harsh on them.

Mate, I spent three continuous years there except a few months in home city. and also I I spend some good chunk of my childhood there and I'm in contact with family and friends on daily basis and on PDF

 

[Fawadqasim1]

Then sir, you are older than me but I bet you are still half the age of @Retired Troll

Absolutely

 

[war&peace]

I just retired

So why did you retire so late...what is the age for retirement in your country

 

[El Sidd]

I was not talking about luxury cars. Smart phones bro

I was making a point that Smartphones are a comodity and much needed in Pakistan.

They should be homegrown alone providing Data protection and Jobs.

 

[war&peace]

I was not talking about luxury cars. Smart phones bro

But bro suzuki culture does not fit any definition of a smart phone either...May it has a smart-phone connectivity like I have in my car ..