The federal government has decided to drastically reduce import duties under its proposed National Tariff Policy 2025–30 to lower trade costs, boost economic activity and make Pakistan’s market more competitive.
The five-year policy proposes phased cuts to customs duties, regulatory duties and additional customs duties, with the overall average tariff targeted to fall from 20.19 percent to 9.70 percent.
The reforms are expected to reduce government revenue by an estimated Rs. 143 billion, but lower tariffs will encourage trade, reduce import costs and improve competition across multiple sectors.
Under the proposal, the maximum customs duty would be capped at 15 percent within five years. Additional customs duties, currently reaching 6 percent, would be gradually eliminated, while regulatory duties would be limited to 20 percent before being phased out.
The government also aims to reduce the average import duty rate to 16.56 percent during the implementation period.
The National Tariff Policy is expected to be implemented gradually over the next five years if approved.
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Tell us about issues for temu and aliexpress . Taxes are more than 45 percent on items from there for no good reason.
We need reduction in that
Try buying a good quality dash cam. The price doubles for Pakistan. Wish things cost their same dollar amount. We really are deprived.
Reducing import duties won’t increase exports. GoP is unable to sustain existing import bill without using the remittances money. How will it cope with increasing imports. But when the brain is located at the end of large intestine, then you get such like policy decisions.
We cannot develop technology since we are service based economy now, means obedient servants to the world, even being an agriculture country is good in social studies. We cannot buy new technology as the duties are very high. I bought one BSD for my motorcycle and the duty was almost 100%, means for Rs. 10K Item costed me Rs. 20K. Let this nation live in caves.