Page 55 - CMA Journal (Sep-Oct 2025)

Focus Section

National Tariff Policy (NTP) 2025–30: The policy’s impact is particularly visible in strategic
sectors such as textiles, engineering, ICT, agro-process-
Significance and Export Performance
ing, and renewable energy, where lower input costs have
Overview (Jul 2024 – Aug 2025) spurred product diversification, technology adoption,
and industrial modernization.
The National Tariff Policy (NTP) 2025–30 marks a transfor-
Under the evolving NTP framework, Pakistan’s export
mative shift in Pakistan’s trade and industrial landscape
performance between July 2024 and August 2025
by aligning the tariff regime with global competitiveness,
reflects resilience and gradual stabilization:
WTO disciplines, and export diversification goals. Moving
• Jul–Dec 2024: Exports rose 31%, from USD 2.36
away from a revenue-oriented framework, the policy
billion to USD 3.10 billion, driven by textiles and tariff
focuses on enhancing industrial competitiveness, reduc-
rationalization.
ing cascading effects, and fostering transparency
• Jan–Apr 2025: Stabilized between USD 2.6–3.0
through a simplified structure that supports long-term
billion, amid energy cost pressures and seasonal
planning and investor confidence.
fluctuations.
Benchmarking against successful Asian economies such • May–Aug 2025: Slight decline to USD 2.5 billion,
as Vietnam and Malaysia, Pakistan aims to achieve tariff though July rebounded to USD 2.78 billion.
parity (around 9.7%) to improve regional competitive- • Overall: Average exports stood at USD 2.7
ness and integrate into global value chains. The phased billion/month (around USD 32 billion annually),
elimination of Additional Customs Duties (ACDs) and marking 6.2% year-on-year growth a sign of policy-
Regulatory Duties (RDs) ensures greater transparency led stabilization and improved competitiveness.
and compliance with WTO principles of predictability Collectively, the NTP 2025–30 and recent export trends
and non-discrimination, creating a more investor-friend- underscore Pakistan’s transition toward a balanced,
ly trade environment. transparent, and globally integrated trade regime,
fostering sustainable industrial and export-led growth.

Export Data of Pakistan (USD in Million)
2,361 2,437 2,610 2,999 2,785 3,105 3,005 2,603 2,755 2,596 2,438 2,609 2,780 2,508

Source: SBP

Link: https://exportpotential.intracen.org/en/products/tree-map?fromMarker=i&exporter=586&toMarker=w&market=w&whatMarker=k
ICMA’s Chartered Management Accountant, Sep-Oct 2025 53