SBP lifts all restrictions imposed on imports

The State Bank of Pakistan (SBP) on Friday lifted all restrictions imposed on imports in order to fulfill the long-standing demand of the International Monitoring Fund (IMF), reported the 24newsHD TV channel.

The State Bank has issued a circular to remove restrictions on imports.   

The SBP has allowed banks to provide foreign exchange to release more than 6 thousand containers stuck at ports.

 Foreign exchange will now be provided for all imports without discrimination.

Authorized foreign exchange dealers have also been directed to provide foreign exchange for all imports.

According to the State Bank, the decision was taken on the suggestions of the stakeholders.