By: Team Autobizz
The government of Pakistan will import 2,200 luxury vehicles in the first half of this financial year despite being heavily debt-ridden and struggling with strict foreign exchange control, reported Dawn.
The country is facing severe difficulties in regards with even the basic consumer items and industrial goods.
The strict foreign exchange control has resulted in piling up of containers with different commodities and products which has reached 8,500 at various ports in Pakistan.
As per the data accessed from the custom department, over 95 percent of the containers at ports are held due to the non-opening of letters of credit (LCs).