The International Monetary Fund (IMF) is pushing for a new auto sector policy that will lower tariffs and open the market to foreign competition by 2030. The draft policy, which includes a commitment to reduce the weighted average tariff to below 6%, is to be shared with the IMF before being approved by Pakistan's federal cabinet. This shift is part of a broader $7 billion bailout agreement, which also includes a review of over 2,660 non-tariff barriers affecting imports.
BUSINESSPublished 24 Apr 2026 • Published 7h ago
IMF Pushes for Strict Vehicle Import Rules in Pakistan
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Pakistan is set to unveil a new auto policy by the end of April 2026, which will be vetted by the IMF and aims to reduce the weighted average tariff from 10.6% to 9.5% in the upcoming budget. The policy is expected to significantly impact the local automotive industry, which supports over one million livelihoods.
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TRtribune.com.pk
TRtribune.com.pk