The Ministry of Commerce is actively addressing concerns from Pakistan’s manufacturing industries as the country prepares for a new trade liberalisation policy set to take effect in Fiscal Year 2026.
This follows a recent meeting between Mr. Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister on Commerce, and the CEO of Lucky Motor Corporation. During the discussion, Lucky Motor representatives urged the government to consult with domestic auto manufacturers to protect the local industry from potential adverse effects of the new policy. They also highlighted the need for policies supporting hybrid and electric vehicles and raised concerns about the perceived dumping of used mobile phones in Pakistan.
In response, Mr. Afzal Khan acknowledged the necessity of tariff liberalization under the IMF program but emphasized the government’s commitment to fostering a supportive environment for local manufacturing, particularly in the automotive and mobile phone sectors. He assured that efforts would be made to develop a policy framework that balances trade liberalization with the protection of domestic industries.
This meeting reflects the Ministry of Commerce’s proactive approach to creating a trade environment that supports the growth and sustainability of Pakistan’s local industries while adapting to the evolving global trade landscape.
