Ministry proposes 20% regulatory duty on LED products to protect local industry
- Sara Habib
- April 9, 2025
- 9:40 am
- 33
- Current Affairs
The government has proposed a 20% regulatory duty on imported LED lighting products. This LED industry protection plan was discussed in a recent high-level meeting led by Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production. The goal is to support local LED manufacturers and reduce reliance on imported goods.
Support for Local Manufacturers
Pakistan’s LED industry is growing but still struggles to meet full local demand. Yet, its products have improved in both quality and price. In fact, many local brands now offer better value than imported ones. The proposed duty will help local businesses grow and compete better.
Export Potential and Industry Growth
Officials noted that the local LED sector has export potential. However, support is needed to help manufacturers scale. Imposing a duty will make foreign products less attractive. This could lead to more investment in domestic production and job creation.
Discussion on Budget and Tax Reforms
The meeting also covered budget proposals for the upcoming year. It included suggestions for improving Customs Duties, Regulatory Duties, and Additional Customs Duties. Officials from SMEDA, EDB, and the Ministry of Industries attended the session.
Call for Super Tax and Business Reforms
Haroon Akhtar Khan suggested a super tax on certain sectors to align Pakistan’s tax system with other countries in the region. He also pushed for tax reforms to make the business environment more investor-friendly. These steps aim to boost growth in small and medium enterprises (SMEs).
Next Steps for Economic Progress
The SAPM directed government bodies to remove barriers to industrial development. These steps are expected to make it easier for local industries to grow. A stronger manufacturing base will also help improve the economy and increase exports.
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