NTC Chairman Advocates for Robust Tariff Measures to Bolster Local Industries

KARACHI: The Chairman of the National Tariff Commission (NTC), Naeem Anwar, has emphasized the commission’s dedication to safeguarding domestic industries while ensuring consumer protection. Speaking at a recent meeting at the SITE Association of Industry, Anwar highlighted the NTC’s role in regulating tariffs and imposing various duties, such as anti-dumping and countervailing duties, to strengthen local competitiveness.

Anwar elaborated on the NTC’s administration of customs and regulatory duties and the facility established to assist industries in submitting applications without legal aid. He underscored the alignment of Pakistan’s laws with World Trade Organization (WTO) guidelines, which permit duties to address price discrepancies, government subsidies, and import surges.

The Chairman noted the NTC’s ability to impose anti-dumping duties within four months after thorough investigations, which involve examining price differences and potential subsidies. Anwar stated that these measures have protected 50 to 60 domestic products, offering a strategic advantage in the face of global tariff challenges.

SITE President Ahmed Azeem Alvi welcomed the NTC’s efforts, stressing the industrial area’s significant economic contributions and the challenges posed by high utility costs. He pointed out that the electricity tariffs in Karachi are notably higher than in other parts of the country.

Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry, praised the NTC’s protective role but highlighted the competitive pressures from countries like China. He proposed the establishment of a dedicated research cell within the NTC to enhance trade remedy strategies, advocating for the recruitment of research professionals to support this initiative.

Riaz Uddin, Chairman of the Taxation and Trade Policy Committee, discussed the shortcomings in current tariff policies, including weak enforcement and political interference. He emphasized the need for a strategic approach to trade and tariff policies, recommending a cap on customs duties for finished goods and a review of free trade agreements.

The meeting, attended by several key industry figures, underscored the importance of cohesive efforts to align Pakistan’s tariffs with regional standards and improve domestic industry competitiveness.