SBP Governor Jameel Ahmed says that they decide to import by looking at the dollars.
If the dollars come in from next week, the foreign exchange reserves will start to increase.
Addressing the Federation of Pakistan Chamber of Commerce and Industries (FPCCI), Governor State Bank Jameel Ahmed says that we have to facilitate business.
Due to the current account deficit, we had to take some measures. He says that our imports have decreased. 33 thousand cases of LCs have been cleared.
It takes a lot of time to check the LC, the LCs will open soon.
SBP Governor says that if the importers arrange dollars, then we will not object.
Exporters are allowed to arrange imports with their own dollars.
Read more: Further increase in the value of the dollar
He further says that banks have been asked to prioritize food, medicine and oil.
We have given priority to import goods for export. Facilitating imports for the agricultural sector. There is a plan to facilitate more imports as more dollars come in.
Imports have to be decided by looking at the dollars. He said that dollars will start coming into the country from next week, now the foreign exchange reserves will start increasing, some goods are stuck at the port due to unauthorized import, he cannot say anything about the interest rate at present.