Govt to Brief IMF on New Auto Policy Today
The government will brief the International Monetary Fund (IMF) on the proposed draft of Pakistan’s new five year auto policy … Read More The post Govt to Brief IMF on New Auto Policy Today appeared first on ProPakistani .
The Pakistani government will meet with the International Monetary Fund (IMF) on Tuesday to discuss the proposed five-year auto policy, according to recent reports. This briefing is part of ongoing discussions with the IMF's review mission in Pakistan. The government's team will present details of the new auto policy framework, which is currently under consideration.
The Ministry of Commerce will also provide information on the National Tariff Policy and recent changes to import and export orders. These tariff changes are being considered as part of Pakistan's broader tariff and trade reforms under the IMF program. The program aims to reduce protection in the auto sector and gradually lower import duties.
The current IMF reviews, including the fourth review of the $7 billion Extended Fund Facility and the third review of the Resilience and Sustainability Facility, could potentially unlock around $1.2 billion for Pakistan. This includes approximately $1 billion under the Extended Fund Facility and $200 million under the Resilience and Sustainability Facility, contingent upon successful completion of the reviews and approval by the IMF Executive Board.
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