SBP removes import restrictions to appease IMF ahead of loan deadline

News Image

MG News | June 23, 2023 at 09:44 PM GMT+05:00

0:00

June 23, 2023 (MLN): The State Bank of Pakistan (SBP) wants to remove all restrictions on imports, as more than 12,000 containers are currently stuck up at port due to lack of available dollars.

The SBP has instructed banks to give priority to specific types of imports and sectors.

In view of the representations received from various stakeholders, it has been decided to withdraw import restriction with immediate effect.

Analysts believe that this move is a final attempt to convince the International Monetary Fund (IMF), because generally IMF opposes any restrictions that hinder free trade.

The government, which is seeking a loan from the IMF, has only seven days left before the Extended Fund Facility (EFF) package expires.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 121,165.00 123,615.00
118,675.00
2635.00
2.22%
BRENT CRUDE 70.04 71.53
69.97
-0.32
-0.45%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.60 106.60
106.60
-2.10
-1.93%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.00 69.65
67.90
-0.45
-0.66%
SUGAR #11 WORLD 16.44 16.67
16.39
-0.13
-0.78%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg