Pakistan is moving ahead with a plan to reduce import taxes on a wide range of goods, with some duties expected to be cut by as much as 50%.
The proposal is part of the government’s long-term strategy to improve the economy and make local industries more competitive.
Officials believe lower import taxes will reduce the cost of raw materials and machinery used by manufacturers. This could help businesses expand production, increase exports, and create more employment opportunities across different sectors.
The reforms are expected to benefit industries such as textiles, engineering, chemicals, and automobiles by making essential imports more affordable. The government also hopes the changes will attract new local and foreign investment.
The tariff reductions will be introduced in phases under the National Tariff Policy, with implementation expected during the 2026–27 fiscal year after final approval.
