Budget 2026: Major Tariff Policy Overhaul Proposed 📈

• The President proposes revising the Customs Import Duty rates to align with the National Tariff Policy, effective April 2026. • The current three-tier structure of 0%, 15%, and 20% will be revised to a new four-tier structure of 0%, 10%, 20%, 30%. • The proposal includes the gradual phase-out of para-tariffs through these revisions. • This measure is aimed at boosting economic growth and increasing the competitiveness of external trade. A time-bound implementation plan will be prepared to ensure a minimal impact on government revenue during the para-tariff phase-out.