The government 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.
Sources told ProPakistani the Pakistani team will present details of draft framework for the new five year auto policy, which is currently under consideration by the government.
The Ministry of Commerce will also brief the IMF on the National Tariff Policy and changes introduced in import and export orders, according to sources.
The tariff briefing will cover the government’s recent changes to import and export orders alongside its broader tariff policy framework.
The auto policy is being discussed as part of Pakistan’s broader tariff and trade reforms under the IMF program, which calls for reducing protection in the auto sector and gradually lowering import duties.
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 about $1 billion under the EFF and $200 million under the RSF, subject to successful completion of the reviews and IMF Executive Board approval
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