Prime Minister (PM) Shehbaz Sharif has formed a steering committee to oversee the implementation of the National Tariff Policy to enhance Pakistan’s export potential and revitalizing impacted industries.
The Ministry of Commerce issued a notification confirming the committee’s formation, with Federal Minister for Finance Muhammad Aurangzeb appointed as its chairman.
The committee comprises the Ministers for Commerce, Petroleum, and Food Security, alongside the Minister of State for Railways, the Special Secretary of the Prime Minister’s Office, and the Secretary for Industries and Production. Dr. Manzoor Ahmad, Rubina Athar, and Aijaz Nabi are also named members, with the Secretary of Commerce designated as the committee’s secretary. The Ministry of Commerce will provide secretarial support to ensure smooth operations.
The committee is tasked with proposing measures to boost exports through the tariff policy, reviewing its effects on various industries, and recommending strategies to rehabilitate sectors facing challenges due to tariff structures.
The development came after Prime Minister Shehbaz Sharif unveiled major tariff reforms, announcing that customs duty would be capped at a maximum of 15% and that additional customs and regulatory duties would be phased out in the next four to five years.
