Duty cuts, tech upgrades planned under Tariff Policy 2025-30
MG News | June 04, 2026 at 05:00 PM GMT+05:00
June 04, 2026 (MLN): PM Shehbaz Sharif has identified achieving export-led development targets as the top priority of the government.
Furthermore, he directed the National Tariff
Commission to adopt best global practices, including artificial intelligence
and modern technology, to facilitate investors and industrialists.
Chairing a
review meeting in Islamabad on the national economy and implementation of the
National Tariff Policy, the Prime Minister said transparent and active
performance of the National Tariff Commission is inevitable for the promotion
of domestic industry, trade and investment.
The meeting was
attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Minister for
Finance Muhammad Aurangzeb, Minister for Law Azam Nazeer Tarar, Minister for
Climate Change Musadik Malik, Minister for Economic Affairs Ahad Khan Cheema,
Minister for Petroleum Ali Pervez Malik, Minister of State for Finance Bilal
Azhar Kayani, Special Assistant Haroon Akhtar, and senior government officials.
The meeting was
briefed on the National Tariff Policy 2025-30, under which tariffs will be
reduced in phases across various sectors to achieve export-led growth targets,
according to Radio Pakistan
Duties on reefer
containers and semi-trailers are to be abolished to develop the logistics
sector, while customs duties on specialized vehicles and machinery will be
reduced to promote construction.
Customs duties
on raw materials used in cancer drugs will also be eliminated to facilitate the
pharmaceutical sector.
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