Islamabad, Nov 1: National Tariff Policy Aims to Boost Exports
Dr. Zulfiqar Bhatti, the Federal Parliamentary Secretary for Commerce,
Declared immediate action is being made to increase economic activity and exports.
In order to create a comprehensive National Tariff Policy 2025 that will encourage industry, protect domestic production, and boost exports,
The government has started a consultative process.
This new strategy would boost economic growth and national exports,
Which will assist local industries and the business community.
To guarantee prompt implementation, an initial draft of the policy will be available by December 31 after consultations.
He clarified that the goal of the program is to attain export-led growth, with a particular emphasis on lowering tariffs on a range of goods.
Dr. Bhatti went on to emphasize the Ministry of Commerce’s dedication to resolving economic issues
And bringing industry into line with cutting-edge technology.
The policy emphasizes the use of cutting-edge technology and artificial intelligence, and it includes green programs and particular steps to address climate change.
Through a thorough examination of tariffs on an item-by-item basis, he said,
The strategy seeks to encourage the development and sustainability of regional industries while empowering domestic products to successfully compete in international markets.
According to Dr. Bhatti, export-oriented companies received Rs. 82 billion in aid during the previous fiscal year,
Additional relief measures are presently being considered to address industry issues.
He emphasized that the administration is carefully considering the suggestions made by all stakeholders
And will improve the policy in response to their suggestions.
It is expected to bring about significant improvements and be a step toward economic stability.
“The Ministry of Commerce is prioritizing raising local industries to international standards and is using all available resources to achieve this goal,” Dr. Bhatti said in closing.
