Business April 29, 2021 ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin on Wednesday underscored the need of tariff rationalisation to encourage industrialisation as the government struggled to avert the impact of import duty cuts on revenue collection. âTariff rationalisation is a pressing need of the time. Rationalising tariff structure must aim at broadening and strengthening industrial base and contribute towards overall economic growth,â Tarin said during a meeting at the finance division. âA dynamic tariff structure is vital for export-led industrialisation and improves competitiveness of domestic industry.â Minister for Industries and Production Khusro Bakhtyar, Adviser to the Prime Minister on Commerce Razak Dawood, Special Assistant to Prime Minister on Revenue Waqar Masood, and others attended the meeting.