Pakistan, June 29 -- ISLAMABAD - The federal government has partially rolled back its earlier plan to reduce or eliminate regulatory duties on 285 imported products, following concerns about the potential impact on local manufacturing and foreign exchange reserves.

This decision came after consultations with stakeholders and a steering committee overseeing the tariff policy. The revised plan, approved by the Tariff Policy Board on Friday, now awaits cabinet approval. The Federal Board of Revenue (FBR) is expected to issue a statutory regulatory order (SRO) on Monday to put the changes into effect.

Initially, the government intended to slash regulatory duties across 1,984 tariff lines, reducing industry protection by 52% over five years....