IMF Reviews Pakistan’s New 5-Year Tariff Policy

Islamabad: The International Monetary Fund (IMF) has requested a briefing on Pakistan’s newly introduced 5-year tariff policy (2025-2030), according to official sources.

The IMF delegation will review the macroeconomic impacts of the tariff policy during a scheduled briefing. The policy aims to boost Pakistan’s exports by 10 to 14 percent annually while slowing the growth rate of imports.

Key points of the tariff policy include:

• Reduction of customs duty slabs from five to four over five years

• Phasing out additional customs duties within 4 years and regulatory duties within 5 years

• Capping the maximum customs duty rate at 15 percent

The federal government has already started reforms under this policy as part of its efforts to improve trade balance and economic performance.

Meanwhile, Pakistan and the IMF are conducting the second review of their $7 billion loan program. Technical-level talks have concluded successfully, and upcoming policy-level discussions will focus on Pakistan’s economic performance.

The IMF mission will also receive a briefing on the Reko Diq mining project during these negotiations.