Pakistan considering raising tariffs on imports, including steel products
Time:Mon, 23 May 2022 08:17:43 +0800
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The Pakistani government planned to raise regulatory tariffs on many imports, including steel, in an effort to stem the rupee's slide against the dollar.
The Pakistani government has prepared a draft revised plan to reduce imports by nearly US$1 billion a month through a combination of tariff and non-tariff measures. The plan needs to be approved by Pakistan's newly elected prime minister.
The plan to increase the regulatory tariff on cold-rolled coils to 10% from the current 5% will ultimately benefit domestic producers and reduce the import burden.
