Islamabad (Commerce Desk) The government has decided to introduce key reform measures in the upcoming federal budget for the fiscal year 2026–27 to promote international trade.
According to sources, the government has prepared a plan to eliminate more than 2,600 non-tariff barriers across various sectors under 76 HS codes, while new proposals for reducing import duties will also be included in the Finance Bill.
These barriers cover several sectors including textiles, leather, pharmaceuticals, automobile, and chemicals. The government has also assured an international financial institution regarding the phased removal of these restrictions.
Official documents state that all existing export and import-related non-tariff barriers will be gradually eliminated, with the first phase targeted for completion by June 2026, while the entire process is expected to be completed by November 2026.
According to the Ministry of Industries and Production, the National Tariff Policy will be made part of the Finance Bill to provide legal backing for the gradual reduction in import duties.
Officials said the objective of the policy is not only to increase exports but also to improve the business environment and enhance the competitiveness of local industries in the global market.
Policymakers believe that effective implementation of the plan could lead to increased investment, accelerated industrial growth, and positive impacts on the overall economy.
