Overview
- The government announced on Thursday that it will reduce customs duties on specialised vehicles and construction machinery to lower building costs and spur infrastructure investment.
- Officials said duties on raw materials used in pharmaceutical production, with priority for inputs for cancer medicines, will be eliminated to reduce drug manufacturing costs.
- Tariffs on reefers, containers and semi‑trailers will be removed to strengthen cold‑chain capacity and cut transport costs for exporters.
- Prime Minister Shehbaz Sharif ordered the National Tariff Commission to adopt global best practices and modernize operations using information technology plus artificial intelligence to speed investor decisions.
- Officials described the changes as a phased rollout under the National Tariff Policy 2025–30 with formal notifications and fiscal details still pending, creating trade‑offs between revenue impact and export competitiveness.