Tariffs: MoC team to visit Washington The Ministry of Commerce (MoC) has sought proposals from all the concerned ministries to devise a joint strategy to deal with United States (US) reciprocal trade and tariffs as a delegation led by Commerce Ministry is to visit Washington in this regard, well informed sources told Business Recorder. The United States has imposed a 29 per cent reciprocal tariff on imports from Pakistan, driven by its $2.99 billion trade deficit with Pakistan. The United States is a critical market for Pakistan’s exports, particularly for textiles and apparel. In 2024, total exports to the US stood at $5.12 billion, of which $3.93 billion, or 76.7 per cent, were textile and apparel. Govt to devise strategy to lessen US tariff impact Commerce Ministry, sources said, has cited reference to the directives of Prime Minister Shehbaz Sharif, whereby, a working group has been constituted under the convener-ship of the Secretary Commerce, Jawad Paul. and Steering Committee u...
Comments
Post a Comment