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18 May
12:08

Pakistan mulls hiking import duties amid rupee devaluation

To arrest the Pakistani rupee’s slide against the dollar, Pakistan’s government is planning on increasing regulatory duties on imports of many commodities including steel. The government has prepared a draft of the revised plan, to reduce imports by nearly $1 billion a month through a combination of tariffs and non-tariff measures. The plan’s implementation is subject to approval from newly elected Pakistani Prime Minister Shehbaz Sharif, Kallani…
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