LAHORE
Pakistan Footwear Manufacturers Association has lauded the Federal government initiative to impose an immediate ban on the import of luxury goods as one of the major preventive steps to forestall the looming default and control spiraling hike in dollar price against rupee. In a statement issued on Friday here, Chairman Pakistan Footwear Association Zahid Hussain said that the long-awaited but much-needed step under taken by Prime Minister Mian Muhammad Shahbaz Sharif would help in saving the precious foreign exchange besides arresting hike in dollar price. The ban on import of footwear would gear up local manufacturing and it will also generate more employments in the country. However, Zahid the Chairman called upon the Prime Minister that the shipments which are enroute and their LCs have been opened according to the bank record before May 19.
