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• Govt plans slashing ACD on 3,149 tariff lines and capping customs duty at 20pc in budget FY27
• Second phase of five-year tariff plan targets automobiles, steel, textiles and chemicals with lower protection
ISLAMABAD: As part of a broader tariff rationalisation strategy aimed at lowering input costs, improving competitiveness, and supporting industrial expansion, the government has decided to slash the additional customs duty (ACD) on 3,149 tariff lines and reduce regulatory duties (RD) to 20 per cent on more than 1,900 tariff lines in the upcoming budget.
Officials privy to the budget preparations told Dawn that Prime Minister Shehbaz Sharif has approved the second phase of the five-year Tariff Reform Plan (2025-2030), which is expected to provide approximately Rs200 billion in import-duty relief to the industrial sector.
