The Government of Pakistan has started preparing for the upcoming federal budget, focusing on improving trade policies and meeting commitments made to IMF.
According to sources, Pakistan plans to remove non-tariff barriers on 76 Harmonized System (HS) codes in the first phase. These barriers include rules and restrictions that make trade difficult without directly imposing taxes. Overall, more than 2,600 such barriers are expected to be gradually eliminated by June 2026.
Officials said that removing these barriers will make trade easier for businesses by simplifying procedures and improving access to international markets. This is expected to support exporters and importers by reducing delays and extra costs.
At the same time, the government is planning to lower import duties. This step aims to reduce production costs for industries that rely on imported raw materials and machinery. Lower costs can help businesses become more competitive both locally and globally.
Experts believe these reforms will improve Pakistan’s position in global trade and attract more investment. Easier trade conditions can encourage businesses to expand and explore new markets.
The government will also review export and import policy orders in phases, with the process expected to be completed by November 2026. This review aims to simplify regulations and make compliance easier for businesses.
Officials say these reforms are part of a broader strategy to modernize Pakistan’s trade system, promote economic growth, and align policies with international standards.
