ISLAMABAD: The government will brief the International Monetary Fund (IMF) today about the proposed draft of Pakistan’s new five-year automobile policy as discussions continue with the visiting review mission.
Pakistan’s team will present details of the draft policy framework, which remains under consideration by the federal government. The proposed policy is being developed as part of wider reforms to reshape the country’s automotive sector and trade regime.
The Ministry of Commerce will also brief the IMF on Pakistan’s National Tariff Policy and recent changes to import and export orders. Officials are expected to explain the government’s broader approach to tariffs and measures introduced to streamline international trade.
The proposed auto policy is linked to Pakistan’s commitments under the IMF programme, which include reducing protection for the automotive industry and gradually lowering import duties. The reforms are intended to promote greater competition and improve the efficiency of the domestic market.
Meanwhile, the ongoing fourth review of Pakistan’s $7 billion Extended Fund Facility (EFF) and the third review under the Resilience and Sustainability Facility (RSF) remain central to the discussions.
Successful completion of both reviews, followed by approval from the IMF Executive Board, could release around $1.2 billion to Pakistan. The amount includes approximately $1 billion under the EFF and another $200 million through the RSF. The talks will cover progress on economic reforms and Pakistan’s commitments under the IMF programme.
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