Pakistan is set to brief the International Monetary Fund (IMF) on its proposed five-year auto policy as discussions continue under the country’s economic reform program.
The Pakistani government will present the draft framework of the new auto policy to the IMF review mission, while officials from the Ministry of Commerce are expected to provide details of planned tariff and trade-related measures.
The discussions will also cover Pakistan’s National Tariff Policy, including recent changes to import and export orders and other measures affecting international trade.
The proposed auto policy is linked to broader tariff reforms under Pakistan’s IMF program. The program includes measures to reduce protection for the automotive industry and gradually lower import duties.
The talks are being held as part of the fourth review of Pakistan’s $7 billion Extended Fund Facility (EFF) and the third review of the Resilience and Sustainability Facility (RSF).
Successful completion of both reviews could unlock around $1.2 billion in financing, comprising approximately $1 billion under the EFF and $200 million through the RSF, subject to approval by the IMF Executive Board.
The government’s briefing on the auto policy comes as Pakistan works to align its automotive and trade-sector reforms with commitments under the IMF program.
