ISLAMABAD:
The government approved the main request of the IMF to complete the economy completely for external match and reduces the average import tariff. Only 7.1% in the next 5 years.
The circles are ahead of the entire corporation areas of the financial sectors, which is the most protection of the automobile sector, rich in Baluchistan minerals.
With this new reconciliation, Pakistan and IMF staff, it is a prerequisite for approval by a $ 1 billion gaddle.
However, the average tariff reduction of Rs 278 billion will be reduced by Rs 278 billion, which is expected to increase economic activity as a result of compensatory trading liberalization.
The government agreed that the government has agreed to complete additional customs duty to complete additional customs and discounts under the fifth schedule of the Customs Act.
In five years, the total average tariffs will be less than 7.1 per cent to 7.1 per cent. This will start from July this year.
In total tariffs, 33% economy will be completely opened for external match. Pakistan agrees to the Trade Liberalissation.
In the tariff protection, Pakistan companies are not eligible for external match, it should be given to customers. The total average Tariff in South Asia is 5.3 per cent in South Asia and 7.5% in Asia.
The reconciliations with the IMF will be implemented through the new National Tariff policy formed in July this year. The sources said the Federal Cabinet has assured the IMF to seek a new tariff policy of a new Tariff policy.
The tariff reduction will be implemented in the budget, which will be introduced in the parliament in June. The sources said the Pakistani IMF was prompted to present a new regulatory duty in the future.
Additional customs duties will be combined to customs duties or regulatory duties. The tariffs of the vehicle were driving in the vehicle sector, it is committed to avoiding a slabs of automobile industry.
The IMF is trying to continue the Tariff program for five years after the end of the IMF program will continue.
The mineral sector will also be removed. Pakistani authorities believe that the main cause of the Community Trade Agreement is used by these duties to import goods from China.
With the expected of the duties, the local taxes will be faced. The authorities believe the exports trade increased by 2030 and the growth of 4.6% in the economy.
