Govt to ban import of luxury items

The federal government has decided to ban the import of luxury items to control the mounting trade deficit which has recorded $65.5 billion in the first ten months of the current fiscal year.

Sources said that the Federal Board of Revenue has almost finalized the banned item list and the government will be able to save Rs2.5 billion to Rs3 billion on yearly basis by banning items.

The list includes used vehicles, expensive luxury phones, diapers, sanitary towels,  disposable plastic boxes, non-cellular rubber sheet and mobile accessories as well as glass protector (tempered).

The items also includes cigars, branded heavy motorcycles, tractor parts, pistols, wheelers cargo loaders, LED televisions, bicycle non geared, flavor cigarettes and frozen fish.

In addition egg powder, almond in shell cover, dry coconut, gum Arabic, gum copal, broomstick keels, inedible tallow, olive oil, soap, gum stock, cocoa powder, toys, dolls, festive snow spray and zippers are also banned.

TFT screen, android tv box, car stereo player, mobile accessory, virtually reality CCTV analog, modern Wifi, electric oven and laptop battery are also likely to be banned, sources added.