AUSTERITY IMPORT POLICY CONTINUED

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00423R001200090001-8
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: November 9, 2016
• Document Release Date: March 10, 1999
• Sequence Number: 1
• Publication Date: October 1, 1953
• Content Type: REPORT

Sanitized - Approved For Release : CIA-RDP83-0042321 d f 200^
COEF1 LA.L/us OFFICIALS ONLY/3=MITy I ORMATION
25X1A
SUBJECT: Austerity I rt policy Coa nu .
25X1X
DATE, ACQUIMt
25X1X
DATE OF
IMMTIOR: Sep 53 and earlier
25X1X
" The new i n policy an nounced by the Governs nt of Pakistan for
the second half of this year belies earlier expectations of liberal-
ization of imports. The O G L abolished last November, continues to
be suspended and the total number of i rtable items is reduced from
215 to i8i.. Only 33 of the importable item are essential consumer
goods, while the remaining are mainly for industrial and agricultural
Wises.
2. "`ire import of cotton fabrics permitted from non-dollar area and Japan
marks a striking change from the old policy under which no cotton
fabrics were permitted. Restrictions on imports from the dollar area
have been relaxed liberally in respect of drugs and medicines. The
new polity indicates that Pakistan's balance of payments position is
none too happy in spite of the improvement in the country's balance of
trade position. This is due to marked shrinkage in the value of
Pakistan's staple exports."
CYAN ONLY/ CURIpY I*-OM IO]
TYPE ACT-DATE lNFO-TFVOATE AREA
CIA
Sanitized - Approved For Release : CIA-RDP83-00423RO01200090001-8