The federal government recently unveiled a five-year National Tariff Policy (2025–2030), aimed at boosting exports by 10 to 14 per cent annually while curbing imports to improve the trade balance.
Under the new policy reforms, the government plans to gradually eliminate additional customs duties within four years and phase out regulatory duties over five years.
Moreover, the overall customs duty rate will be capped at a maximum of 15 per cent.
Pakistan and the IMF are presently holding second review negotiations under the $7 billion loan programme.
Similarly, first review talks under the climate financing are also being held at the same time.