Islamabad, June 18, 2025 – The Government of Pakistan unveiled the draft National Tariff Policy (NTP) 2025–30 during the National Regulatory Reforms Conference held in Islamabad on Wednesday.
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Consultations on tariff rationalization to begin next month: Razak Dawood
ISLAMABAD: Abdul Razak Dawood, Advisor to the Prime Minister on Commerce and Investment, has said that consultations on tariff rationalization with stakeholders will start from next month.
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Tariff Policy Board discusses budget proposals
ISLAMABAD: The Tariff Policy Board (TPB) on Monday discussed budget proposals submitted by various stakeholders.
Advisor to the Prime Minister on Commerce Abdul Razak Dawood chaired the meeting.
The advisor said that the budget proposals, forwarded by different stakeholders, would be given due consideration by the TPB so that economy of the country could be revitalized at this difficult juncture.
The meeting was attended by the Secretary Ministry of Commerce, Chairperson National Tariff Commission (NTC), Member Customs Federal Board of Revenue (FBR) and other senior officials of the ministries concerned.
During the meeting, Abdul Razak Dawood emphasized that the maximum benefits would be given to the industry and the lowest strata of society, as per instructions of the Prime Minister Imran Khan, so that maximum job opportunities could be generated in the shortest possible time.
In the meeting, the tariff related proposals pertaining to different sectors of the economy, for improving the competitiveness of Pakistan’s exports and giving new impetus to the process of industrialization, were discussed at length.
The recommendations of TPB on tariff structure would be incorporated in the fiscal budget for the year 2020-2021.
It was decided by the TPB that the meetings of the Sub-Committee of the board would be convened regularly and the recommendations of the Sub-Committee would be placed before the Tariff Policy Board for deliberations and taking informed decisions thereon.
The next meeting of the Tariff Policy Board will be held by the end of this week.
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New policy to eliminate tariff rate gap between commercial, industrial importers
ISLAMABAD: The gap of duty and tax rates between commercial importers and industrial importers will be eliminated under newly proposed tariff policy.
The National Tariff Policy 2019-2024 has proposed following measures for enforcement:
(i) These policy recommendations will be implemented in a period of five years starting from the Budget 2020-21;
(ii) The tariff slabs will be simplified based on the principle of cascading;
(iii) The tariffs on raw materials, intermediate and capital goods will be gradually reduced;
(iv) The additional customs duty and regulatory duties will be gradually reduced;
(v) The difference in the rates of tariff for the commercial importers and the industrial users of raw materials, intermediate and capital goods will be eliminated to reduce misuse of such differentials and to provide access to such essential materials for SMEs.
(vi) The nascent industry will be provided time-bound protection, which will cover the payback period of financing and investment. The protection will be phased out gradually to make the protection regime predictable and facilitate the investment decisions. Such protection levels will be provided through Investment Policy.
(vii) In order to implement these policy recommendations, the following arrangement will be instituted:
a. A Tariff Policy Board (TPB) chaired by the Commerce Minister/Advisor, with Minister for Industries & Production, Secretary Finance, Secretary Revenue, Chairman FBR, Secretary Commerce, Secretary Board of Investment, and Chairman NTC as its members shall be created. Secretary Commerce shall be the Member/Secretary of the Board. The TPB shall be responsible for formulation, amendment and implementation of the National Tariff Policy.
b. A Tariff Policy Centre shall be created in the Ministry of Commerce, which will serve as the Secretariat of the TPB.
c. All proposals for levy, amendment or removal of tariffs including regulatory duties and customs duties shall be examined at the Tariff Policy Centre and after approval of the Tariff Policy Board shall be submitted by the Commerce Division to the Cabinet or Parliament, as the case may be, for approval.
(viii) Any policy impacting tariffs or having tariff-like impact shall be formulated through the process mentioned at (vii) above.
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PM approves country’s first-ever National Tariff Policy
ISLAMABAD: Prime Minister Imran Khan on Wednesday approved the first-ever ‘National Tariff Policy’ which is aiming to improve competitiveness through access to raw materials, increase employment opportunities by attracting investment through transparent and predictable tariff regime.
The draft policy, approved by the prime minister, would be presented before the Federal Cabinet for its consideration.
Highlighting salient features of the policy, Secretary Commerce Mohammad Younus Dagha said that the major objectives of the National Tariff Policy (NTP), which has been drafted after detailed and comprehensive discussions with the stakeholders, is to improve competitiveness through access to raw materials, increase employment opportunities by attracting investment through transparent and predictable tariff regime and remove anomalies in tariff structure, causing distortions.
Policy principles include tariff as a trade policy instrument, reducing exemptions and concessions, cascading tariff structures with stage of processing of a product, strategic protection to domestic industry and competitive import substitution.
The new policy also envisages establishment of a broad-based Tariff Policy Center in the Ministry of Commerce to formulate proposals for improving tariff structure in pursuance of the objectives of the National Tariff Policy.
The prime minister appreciated the efforts of commerce ministry in formulating a comprehensive tariff policy for the first time in the history of the country which, he said, will greatly restore confidence of the business community by providing for a transparent, predictable and institutionalized structure for tariff setting.
The Prime Minister observed that the economy, especially the trade and industrial development suffered in past due to ad-hocism and unpredictability of tariff structure resulting in capture of the economy by vested interests and rampant corruption.
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New policy to review 7,000 tariff lines for enhancing exports, investment: Razak Dawood
KARACHI – Abdul Razak Dawood, the Adviser to the Prime Minister on Commerce and Textile, announced on Saturday that the Pakistani government is set to review 7,000 customs tariff lines as part of a comprehensive new national tariff policy.
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