Govt to Brief IMF on New Auto Policy Today
In practice, the administration will brief the International Monetary Fund (IMF) on the proposed draft of Pakistan's new five year auto policy on Tuesday as part of ongoing discussions with the visiting review mission.
In practice, the administration will brief the International Monetary Fund (IMF) on the proposed draft of Pakistan's new five year auto policy on Tuesday as part of ongoing discussions with the visiting review mission.
Article outline
- What happened
- The key numbers
- The details
- The bottom line
Key points
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- As sources indicate, the Ministry of Commerce will additionally brief the IMF on the National Tariff Policy and changes introduced in import and export orders.
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- Sources informed ProPakistani the Pakistani team will present details of draft framework for the new five year auto policy.
- The auto policy is being discussed as part of Pakistan's broader tariff and trade reforms under the IMF program.
Sources informed ProPakistani the Pakistani team will present details of draft framework for the new five year auto policy. It is at present under consideration by the administration. Toyota Pakistan Accuses Competitors of Misusing GST Relief on EVs.
In practice, the tariff briefing will cover the government's recent changes to import and export orders alongside its broader tariff policy framework.
For context, the auto policy is being discussed as part of Pakistan's broader tariff and trade reforms under the IMF program. It calls for reducing protection in the auto sector and gradually lowering import duties.
Meanwhile, the ongoing fourth review of the $7 billion Extended Fund Facility and third review of the Resilience and Sustainability Facility could unlock around $1.2 billion for Pakistan, including regarding $1 billion under the EFF and $200 million under the RSF, subject to successful completion of the reviews and IMF Executive Board approval. Stay Connected with ProPakistani.
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For now, govt to Brief IMF on New Auto Policy Today remains the part of the story worth watching, and further updates are likely as more details are confirmed.
