Govt works out new strategy to control grey market

The federal government has worked out a new strategy to control the grey market with the support of Special Investment Facilitation Council (SIFC).

State Bank of Pakistan and the Federal Board of Revenue have been directed to conduct a campaign against informal channels.

The government has directed the Finance Secretary to restore cash over counter facility at National Bank branches and border booths.

Source: Radio Pakistan

Check Also

Petroleum Minister and Barrick Chairman Discuss Reko Diq Project Progress

Islamabad: Minister for Petroleum Ali Pervaiz Malik held a meeting with Chairman Barrick, John L Thornton, to review progress and discuss future steps regarding the Reko Diq Copper-Gold Project. They exchanged views on the development of the project a...