National Tariff Policy: Consultative Process Launched to Boost Exports

Federal Parliamentary Secretary for Commerce Dr. Zulfiqar Bhatti announced that swift measures are being taken to boost exports and business activities. In this regard, the government has initiated a consultative process to develop a comprehensive National Tariff Policy 2025 aimed at promoting business activity, safeguarding local production, and increasing exports. This new policy is expected to strengthen national exports and stimulate economic growth, benefiting the business community and local industries. Following consultations, an initial draft of the policy will be ready by December 31 to ensure timely implementation. Dr. Bhatti shared these insights during a stakeholder consultation meeting. He explained that the policy’s objective is to achieve export-led growth, with a focus on reducing tariffs on various products. Dr. Bhatti further highlighted the Ministry of Commerce’s commitment to overcoming economic challenges and aligning industries with advanced technology. The policy includes green initiatives and special measures to address climate change, with an emphasis on using artificial intelligence and cutting-edge technology. He mentioned that the policy aims to support the growth and sustainability of local industries through a detailed review of tariffs on an item-by-item basis, enabling local production to compete effectively in global markets. Dr. Bhatti noted that Rs. 82 billion in relief was provided to export-oriented businesses in the previous fiscal year, and further relief measures are currently under consideration to address industry challenges. He stressed that the government is taking all stakeholder recommendations seriously and will enhance the policy based on their input. Significant changes are anticipated following its implementation, marking a step toward economic stability. Dr. Bhatti concluded by stating that the Ministry of Commerce is prioritizing raising local industries to international standards and is utilizing all available resources to achieve this goal.