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On Thursday, Pakistan's Economic Coordination Committee raised additional customs duty on imported tyres and motorcycle parts to support local manufacturers. For locally produced radial tyres and motorbike parts, duties increased from 4% to 11%, and from 11% to 31% for parts imported by local producers. The committee also approved Rs57.85 billion in supplementary grants and measures aimed at improving access to finance for small businesses and farmers.
Written locally by qwen2.5:14b on 2026-10-09,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
The Economic Coordination Committee (ECC) of Pakistan's cabinet increased additional customs duties on imported tires and motorcycle parts to support local manufacturers, raising the duty from 4% to 11% for radial tires and increasing it further to 31% for motorbike parts imported by domestic producers. The ECC also approved a first-loss coverage program for small and medium enterprises (SMEs) and small farmers during a meeting chaired by Finance Minister Muhammad Aurangzeb on Thursday. Additionally, the committee allowed an investment of Rs57.85 billion in supplementary grants to support affordable housing finance under the Credit Guarantee Trust Fund scheme. These decisions were made amid ongoing discussions with the International Monetary Fund (IMF) and at the start of the fiscal year's second quarter.
Written for “Duty Hike On Imports” on 2026-10-09,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted
verbatim and was checked against the article text before being
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Leaning: leans right for article 67479 (high confidence, 1 verified quote) · logged 2026-10-09
The government on Thursday increased additional customs duty (ACD) on import of tyres and motorcycle parts produced locally and approved first-loss coverage for small and medium enterprises and small farmers.
asserted
government → increase → enterprises
The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the cabinet, presided over by Finance Minister Muhammad Aurangzeb.
asserted
decisions → take → Aurangzeb
The committee also approved investment of Export Development Fund (EDF) resources in government securities and allowed Rs57.85 billion in supplementary grants a day after a staff-level agreement with the International Monetary Fund (IMF) and at the conclusion of the first quarter of the fiscal year.
asserted
committee → approve → year
Under the decision, the government increased ACD from 4pc to 11pc on import of radial tyres and motorcycle parts that are manufactured locally.
asserted
that → increase → tyres
It also increased ACD from 11pc to 31pc on motorbike parts imported by local manufacturers.
asserted
It → increase → manufacturers
Both measures are aimed at facilitating local manufacturers of radial tyres and motorcycle parts.
asserted
measures → aim → tyres
“On a summary submitted by the Revenue Division, the ECC approved an amendment to SRO 693(I)/2006 concerning the levy of additional customs duty on import of tyres being manufactured locally.
asserted
ECC → submit → tyres
The measure is aimed at promoting domestic manufacturing,” an official statement said.
asserted
statement → aim → manufacturing
The ECC also approved a financing framework developed by the State Bank of Pakistan to facilitate the inclusion of Agency Financial Institutions (AFIs) under the government’s existing Risk Coverage Schemes for Small Enterprises and Small Farmers through wholesale and agency arrangements.
asserted
ECC → approve → arrangements
The framework provides for first-loss coverage to loans up to 20pc for SMEs and 10pc each to small farmers and medium size industries.
asserted
framework → provide → farmers
“The framework aims to broaden access to finance by leveraging the outreach of eligible microfinance and non-banking financial institutions,” the statement added.
asserted
statement → aim → institutions
The ECC also approved an Addendum to the Second Supplemental Trust Deed of the Credit Guarantee Trust Fund (CGTF), originally meant for Prime Minister’s Mera Pakistan Mera Ghar scheme, expanding its scope to facilitate more effective utilisation of the existing credit guarantee facility to support affordable housing finance.
asserted
ECC → approve → finance
The meeting approved 11 supplementary grants totalling Rs57.85bn.
asserted
meeting → approve → Rs57.85bn
These included Rs2bn for the Small and Medium Enterprises Development Authority to facilitate implementation of its approved business plan in line with the prime minister’s vision.
asserted
Authority → facilitate → vision
It also approved another Rs11.329bn for the Industries and Production Division to meet the immediate funding requirements of the Utility Stores Corporation and facilitate completion of its closure process.
asserted
Division → approve → process
On the request of the Privatisation Division, the ECC approved Rs8bn for the Public Private Partnership Authority (P3A) to support the development and implementation of infrastructure projects through public-private partnerships.
asserted
ECC → approve → partnerships
The meeting also approved a Rs10bn grant for the Ministry of Railways to provide budgetary cover for the Thar Coal Rail Connectivity Project and facilitate the utilisation of indigenous Thar coal for power generation and other industrial sectors.
asserted
Ministry → approve → generation
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