Islamabad — The Commerce Minister announced today that US Tariff Reduction Creates Fresh Opportunities for Pakistan’s Auto Exports: Minister. He made the statement during a high-level meeting with auto sector leaders.
The minister said a committee has been set up. It includes experts from Commerce, Industries, and the Federal Board of Revenue (FBR). Their goal is to solve issues in the auto industry.
He emphasized that US Tariff Reduction Creates Fresh Opportunities for Pakistan’s Auto Exports: Minister. The tariff on Pakistani exports to the U.S. has dropped from 29 percent to 19 percent. This is the lowest rate in the region. Exporters now have a major advantage.
Industrialists raised concerns. They are worried about the imports of old, used vehicles. They also noted higher costs due to new production technologies. The minister assured them that the government is crafting a broad strategy to strengthen the sector.
He outlined that, “After tractors and motorcycles, now cars will also be exported.” The plan includes gradually lowering auto tariffs over five years.
The government wants industry players to help shape the new industrial policy. The aim is to make the market more competitive and dynamic.
In another statement, the Commerce Minister said the tariff shift brings a rare window of opportunity. He said, “This marks a major opportunity to boost Pakistan’s auto exports.”
The reduced tariff is expected to spur export growth in vehicles and auto parts. Combined with policy support and industry input, it could transform the sector.
Overall, the government team is optimistic. They believe this energy can help Pakistan’s auto makers reach new markets. Exporters should act quickly to seize this strategic moment.
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