Karachi: The State Bank of Pakistan (SBP) has revised and relaxed the regulations concerned with the import of medical equipment, medicines, and other ancillary materials for coronavirus treatment — a news source reported.
The central bank made the announcement in a press release.
It announced that it had allowed all federal and provincial government
departments, hospitals in public and privates sectors, charitable
organisations, manufacturers and commercial importers to remove the limit on import
advance payments and imports on open account — aimed at facilitating the import
of medical equipments, medicines, and other related items for the coronavirus treatment.
The SBP has also allowed the banks to approve the Electronic Import Form (EIF) for the import of the equipment donated by international donor agencies and foreign governments.
The press release further noted that the most productive strategy
to fight against novel
coronavirus involves the provision of needed equipment within in the
requisite time; so the central has taken these extraordinary measures in order
to ensure that the much-needed medical equipment is imported without any
problems.
