Pakistan, April 22 -- The government of Pakistan has prepared a new five-year auto sector policy aimed at reducing import tariffs, restructuring duties and opening the vehicle market by 2030. Officials say the plan is being developed in consultation with the International Monetary Fund under ongoing economic reform commitments linked to the country's financial programme.

Under the proposed budget for 2026-27, the weighted average tariff is expected to decline from 10.6 percent to 9.5 percent as part of an initial phase of liberalisation. Authorities also confirmed that no new regulatory duty will be introduced on imports, ensuring a more predictable tariff structure for investors and importers.

Meanwhile, officials outlined a long-term ...