ISLAMABAD:

The Government of Pakistan unveiled the draft National Tariff Policy (NTP) 2025-30 during the National Regulatory Reforms Conference organised by the Board of Investment (BOI).

The conference, aimed at advancing regulatory simplification and industrial competitiveness, brought together federal ministers, diplomats and private sector representatives for strategic dialogue on Pakistan’s economic direction.

Coordinator to the Prime Minister on Commerce Rana Ihsaan Afzal underscored the government’s commitment to rationalising Pakistan’s tariff regime, simplifying business processes and fostering an export-led growth.

“The National Tariff Policy 2025-30 is designed to create a predictable, transparent and investment-friendly tariff structure. By facilitating duty-free access to raw material, phasing out additional customs duties and regulatory duties, and supporting nascent and green industries, this policy paves the way for innovation, employment generation and sustained economic growth,” he said.

The policy outlines ambitious reform goals, including the phasing out of additional customs duties over four years, elimination of regulatory duties and 5th Schedule within five years, and establishment of a simplified four-slab customs duty structure (0%, 5%, 10% and 15%). It aims to benefit key sectors including textile, engineering, pharmaceutical and IT while encouraging investment and reducing production costs across the board. Rana Afzal highlighted that implementation would begin with reduction in tariffs on around 7,000 tariff lines, largely focused on raw material and intermediate goods, yielding Rs200 billion in benefits to trade and industry.