Federal Government Introduces National Tariff Policy Draft for 2025-30

The federal government presented the draft of the National Tariff Policy (NTP) 2025–30 during the Regulatory Reforms Conference held on Wednesday.

The Board of Investment (BoI) organized the conference to promote regulatory simplification and enhance industrial competitiveness. It gathered federal ministers, diplomats, and private sector leaders for discussions on Pakistan’s economic future.

According to a statement from the Ministry of Commerce, Rana Ihsaan Afzal, Coordinator to the Prime Minister on Commerce, stated that “The National Tariff Policy 2025–30 aims to establish a tariff structure that is predictable, transparent, and conducive to investment.”

Afzal emphasized the government’s strong dedication to streamlining Pakistan’s tariff system, making business operations easier, and encouraging growth driven by exports.

He further noted, “By enabling duty-free access to raw materials, progressively removing Additional Customs Duties (ACDs) and Regulatory Duties (RDs), and supporting emerging and environmentally friendly industries, this policy fosters innovation, job creation, and long-term economic expansion.”

The NTP 2025–30 sets out ambitious reform objectives, such as eliminating ACDs over four years, removing RDs and the 5th Schedule within five years, and implementing a simplified four-tier Customs Duty structure (0%, 5%, 10%, 15%).

The ministry stated that the policy intends to benefit vital industries like textiles, engineering, pharmaceuticals, and IT, while also promoting investment and lowering production costs in general.

Afzal pointed out that the implementation would start with lowering tariffs on nearly 7,000 tariff lines, primarily concentrated on raw materials and intermediate commodities, which would provide an estimated Rs200 billion in benefits to trade and industry.

He added, “These changes will enable Pakistan’s industries to expand, compete on a global scale, and move toward exports with higher added value. We anticipate that these changes will result in not only stronger GDP growth but also higher employment, better industrial productivity, and greater investor confidence.”

Federal Minister for Industries and Production Haroon Akhtar, Federal Minister for the Board of Investment Qaiser Ahmed Sheikh, top government officials, diplomats, and prominent figures from the business world also participated in the conference.