KARACHI: The State Bank of Pakistan (SBP) has allowed all federal and provincial government departments, hospitals in public and private sectors, charitable organisations, manufacturers and commercial importers to make advance import payment and import on open account without any limit the medical equipment, medicines and other ancillary items for the treatment of COVID-19.
Furthermore, banks have been allowed to approve the Electronic Import Form (EIF) for the import of the equipment donated by international donor agencies and foreign governments to facilitate their seamless and speedy imports. The number of COVID-19 cases in Pakistan is increasing and an effective strategy to fight the virus requires timely availability of needed equipment. The SBP said it had taken these measures to facilitate the import of much-needed equipment in a seamless manner.
Published in The Express Tribune, March 26th, 2020.