Ijaz Kakakhel Islamabad
Senate Standing Committee on Commerce on Wednesday was informed that ban on imports has positive impact on balance of trade but at the same time it badly affect GDP growth, which registered decline from 6 to minus two.
While raising the issue of ban on imported items Senator Abdul Qadir said that smuggling has increased with the ban on drugs, and inquired about the lifting on the ban. These views were expressed in the meeting of Senate Standing Committee on Commerce, held at parliament house. Senator Zeeshan Khanzada was on chair.
The committee discussed the ban on imports in detail. The secretary commerce said that the ban on imports had a positive effect on the balance of trade. It was apprised that the country’s imports are down $24.5 billion this year. “Pakistan’s imports have come from 80 billion dollars to 55 billion dollars” stated Secretary Trade.
