Pakistan, June 13 -- The federal government has announced significant reductions in customs duties on thousands of industrial raw materials, machinery and spare parts as part of the Budget 2026-27, aiming to lower production costs and boost industrial imports activity.

According to the Finance Bill, customs tariffs on more than 7,500 items used by various industries have been revised. The measures are intended to improve the business environment, encourage investment and enhance the competitiveness of domestic manufacturers.

Under the new tariff structure, customs duties on 92 tariff lines have been reduced from 20 percent to either 15 percent or 10 percent. The government has also lowered additional customs duty on 449 tariff lines fro...