New Federal Strategy Aims to Curtail Grey Market Operations

Islamabad: The federal government has announced a comprehensive strategy to curb the operations of the grey market, seeking the collaboration of the Special Investment Facilitation Council (SIFC).

According to Ministry of Information and Broadcasting, the strategy involves significant directives to the State Bank of Pakistan and the Federal Board of Revenue to spearhead a campaign against informal economic channels. This initiative is part of a broader governmental effort to enhance economic regulations and oversight.

In addition, the Finance Secretary has been instructed to re-establish cash-over-counter services at National Bank branches and border booths. This move is intended to streamline financial operations and improve the management of monetary transactions across national boundaries.

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