ISLAMABAD – Prime Minister Imran Khan has approved, in principle, thefirst-ever ‘National Tariff Policy’ that aims at ensuring transparency,predictability and institutionalizing the entire structure of tariff regimeof the country.
The decision was taken at a meeting in Islamabad today with Prime MinisterImran Khan in the chair.
The draft policy would be presented before the Federal Cabinet for itsconsideration.
Addressing the meeting, the Prime Minister said the policy will greatlyrestore confidence of the business community by providing aninstitutionalized structure for tariff setting.
The Prime Minister observed that the economy, especially the trade andindustrial development suffered in past due to ad-hocism andunpredictability of tariff structure resulting in capture of the economy byvested interests and rampant corruption.
Highlighting salient features of the policy, Secretary Commerce MohammadYounus Dagha said that the major objectives of the National Tariff Policyis to improve competitiveness through access to raw materials, increaseemployment opportunities by attracting investment through transparent andpredictable tariff regime and remove anomalies in tariff structure.