{"id":21383,"date":"2025-05-20T14:09:47","date_gmt":"2025-05-20T09:09:47","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=21383"},"modified":"2025-05-20T14:09:53","modified_gmt":"2025-05-20T09:09:53","slug":"imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/","title":{"rendered":"IMF agrees to slash customs, regulatory duties in new tariff policy"},"content":{"rendered":"\n

Significant developments have been made in the new tariff policy as part of the ongoing negotiations between Pakistan and the International Monetary Fund (IMF) regarding the fiscal targets of the 2025-26 federal budget.<\/strong><\/p>\n\n\n\n

According to official documents, the IMF has accepted Pakistan’s proposal to reduce customs and regulatory duties under the 2025-30 Tariff Policy Framework.<\/p>\n\n\n\n

The IMF and the Pakistani government are aligning on policies aimed at modernizing the automotive sector, promoting environmentally friendly electric vehicles (EVs), and phasing out traditional fuel-based cars. It is projected that by 2030, 30% of new vehicles in Pakistan will be EVs. To facilitate this shift, the government is planning to introduce a subsidy scheme for battery-powered vehicles and develop a nationwide EV charging station infrastructure.<\/p>\n\n\n\n

Essentially, the government has assured the IMF that it will lift the ban on the import of vehicles up to five years old in the upcoming budget. In contrast, to discourage fossil fuel usage, a carbon levy of Rs. 5 per litre will be imposed on petrol and diesel vehicles for two years, from July 2025 to June 2027.<\/p>\n\n\n\n

The IMF estimates that these green initiatives will lead to a 30% reduction in pollution caused by transport emissions by 2030. The government has also agreed to reduce tariffs and tax incentives currently enjoyed by local automobile manufacturers. The IMF is also pushing for the opening of commercial vehicle imports, which would further liberalize the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Significant developments have been made in the new tariff policy as part of the ongoing<\/p>\n","protected":false},"author":1,"featured_media":21384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2,19],"tags":[],"class_list":["post-21383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan"],"yoast_head":"\nIMF agrees to slash customs, regulatory duties in new tariff policy - Rapid News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF agrees to slash customs, regulatory duties in new tariff policy - Rapid News\" \/>\n<meta property=\"og:description\" content=\"Significant developments have been made in the new tariff policy as part of the ongoing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/\" \/>\n<meta property=\"og:site_name\" content=\"Rapid News\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-20T09:09:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-20T09:09:53+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/\",\"name\":\"Rapid News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp\",\"contentUrl\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp\",\"width\":850,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#webpage\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/\",\"name\":\"IMF agrees to slash customs, regulatory duties in new tariff policy - Rapid News\",\"isPartOf\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#primaryimage\"},\"datePublished\":\"2025-05-20T09:09:47+00:00\",\"dateModified\":\"2025-05-20T09:09:53+00:00\",\"author\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailyrapidnews.com\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IMF agrees to slash customs, regulatory duties in new tariff policy\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/dailyrapidnews.com\/eng\"],\"url\":\"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IMF agrees to slash customs, regulatory duties in new tariff policy - Rapid News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/","og_locale":"en_US","og_type":"article","og_title":"IMF agrees to slash customs, regulatory duties in new tariff policy - Rapid News","og_description":"Significant developments have been made in the new tariff policy as part of the ongoing","og_url":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/","og_site_name":"Rapid News","article_published_time":"2025-05-20T09:09:47+00:00","article_modified_time":"2025-05-20T09:09:53+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailyrapidnews.com\/eng\/#website","url":"https:\/\/dailyrapidnews.com\/eng\/","name":"Rapid News","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#primaryimage","inLanguage":"en-US","url":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp","contentUrl":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp","width":850,"height":500},{"@type":"WebPage","@id":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#webpage","url":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/","name":"IMF agrees to slash customs, regulatory duties in new tariff policy - Rapid News","isPartOf":{"@id":"https:\/\/dailyrapidnews.com\/eng\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#primaryimage"},"datePublished":"2025-05-20T09:09:47+00:00","dateModified":"2025-05-20T09:09:53+00:00","author":{"@id":"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c"},"breadcrumb":{"@id":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/20\/imf-agrees-to-slash-customs-regulatory-duties-in-new-tariff-policy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailyrapidnews.com\/eng\/"},{"@type":"ListItem","position":2,"name":"IMF agrees to slash customs, regulatory duties in new tariff policy"}]},{"@type":"Person","@id":"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/dailyrapidnews.com\/eng\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/dailyrapidnews.com\/eng"],"url":"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/"}]}},"jetpack_featured_media_url":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp","featured_image_urls":{"full":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp",850,500,false],"thumbnail":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a-150x150.webp",150,150,true],"medium":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a-300x176.webp",300,176,true],"medium_large":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a-768x452.webp",640,377,true],"large":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp",640,376,false],"1536x1536":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp",850,500,false],"2048x2048":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a.webp",850,500,false],"cream-magazine-thumbnail-2":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a-800x450.webp",800,450,true],"cream-magazine-thumbnail-3":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a-720x500.webp",720,500,true],"cream-magazine-thumbnail-4":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/05\/a-450x500.webp",450,500,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/"},"category_info":"<a href=\"https:\/\/dailyrapidnews.com\/eng\/category\/business\/\" rel=\"category tag\">Business<\/a> <a href=\"https:\/\/dailyrapidnews.com\/eng\/category\/pakistan\/\" rel=\"category tag\">Pakistan<\/a>","tag_info":"Pakistan","comment_count":"0","jetpack-related-posts":[{"id":10079,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/03\/imfs-demand-to-increase-electricity-tariff-is-unjustified-finance-minister\/","url_meta":{"origin":21383,"position":0},"title":"IMF\u2019s demand to increase electricity tariff is unjustified: Finance Minister","date":"May 3, 2021","format":false,"excerpt":"Federal Finance Minister Shaukat Tarin has said that it was unjustified for the International Monetary Fund to force Pakistan to increase its electricity tariff and that they would review the programme. He criticized the IMF for setting conditions that in his opinion have been affecting Pakistan\u2019s economy negatively. On the\u2026","rel":"","context":"In "Pakistan"","img":{"alt_text":"Shaukat-Tareen-IMF-demand-to-increase-electricity-tariff-is-unjustified-Finance-Minister-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/Shaukat-Tareen-IMF-demand-to-increase-electricity-tariff-is-unjustified-Finance-Minister-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21075,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/04\/pakistan-imf-enter-policy-talks-as-loan-review-nears-conclusion\/","url_meta":{"origin":21383,"position":1},"title":"Pakistan, IMF enter policy talks as loan review nears conclusion","date":"March 4, 2025","format":false,"excerpt":"Pakistan and the International Monetary Fund (IMF) have entered the policy-level phase of discussions regarding the country\u2019s ongoing $7 billion loan programme, following the completion of technical talks. The IMF delegation -\u00a0 led by Nathan Porter -\u00a0 met with Federal Finance Minister Muhammad Aurangzeb and his economic team, including Finance\u2026","rel":"","context":"In "latest"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/03\/a-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21137,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/14\/pakistan-averts-mini-budget-imf-satisfied-with-economic-progress\/","url_meta":{"origin":21383,"position":2},"title":"Pakistan averts mini-budget, IMF satisfied with economic progress","date":"March 14, 2025","format":false,"excerpt":"As the final round of negotiations between Pakistan and the International Monetary Fund (IMF) set to conclude today, the government has successfully convinced the global lender that no mini-budget will be introduced before the end of June. Officials from the Ministry of Finance claim the IMF has expressed satisfaction with\u2026","rel":"","context":"In "Business"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/03\/a-14.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21101,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/10\/imf-pakistan-policy-talks-begin-as-tough-economic-measures-loom\/","url_meta":{"origin":21383,"position":3},"title":"IMF-Pakistan policy talks begin as tough economic measures loom","date":"March 10, 2025","format":false,"excerpt":"Pakistan and the International Monetary Fund (IMF) have commenced policy-level discussions on the next tranche of the $7 billion loan program, with the review set to continue until March 14. According to officials from the Ministry of Finance, the IMF delegation will assess the country\u2019s progress in implementing economic reforms\u2026","rel":"","context":"In "latest"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/03\/a.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21638,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/08\/12\/imf-tells-pakistan-to-act-on-corruption-abuse-of-office\/","url_meta":{"origin":21383,"position":4},"title":"IMF tells Pakistan to act on corruption, abuse of office","date":"August 12, 2025","format":false,"excerpt":"The International Monetary Fund (IMF) has called on Pakistan to tighten measures against corruption and misuse of public office, warning that current systems to identify politically influential figures remain inconsistent. The IMF recently sent Pakistan the initial draft of its\u00a0Corruption Diagnostic Assessment Mission\u00a0report, urging the government to review and act\u2026","rel":"","context":"In "Business"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/08\/a-20.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":22050,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/12\/11\/imf-releases-1-2bn-tranche-to-pakistan\/","url_meta":{"origin":21383,"position":5},"title":"IMF releases $1.2bn tranche to Pakistan","date":"December 11, 2025","format":false,"excerpt":"Pakistan has received a $1.2 billion disbursement from the International Monetary Fund (IMF), with officials confirming that the amount has been transferred to the State Bank of Pakistan (SBP) following the Fund\u2019s Executive Board approval earlier this week.The release keeps Pakistan\u2019s IMF programme fully on track as the country navigates\u2026","rel":"","context":"In "Business"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/12\/a-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/21383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=21383"}],"version-history":[{"count":1,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/21383\/revisions"}],"predecessor-version":[{"id":21385,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/21383\/revisions\/21385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/21384"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=21383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=21383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=21383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}