In a significant shift in trade policy, the United States has imposed tariffs on imports from Pakistan, along with over 180 other countries. This decision, announced by President Donald Trump, includes a reciprocal tariff of 29% on goods imported from Pakistan, which is a response to the high tariffs that Pakistan imposes on American products, reportedly at 58%. This move is part of a broader strategy to address perceived trade imbalances and protect U.S. manufacturing interests. The imposition of these tariffs is expected to have far-reaching implications for Pakistan's economy. Leading businessman Arif Habib has expressed concerns that the tariffs will lead to increased prices for commodities and a subsequent drop in demand. The economic impact could be severe, particularly for industries reliant on exports to the U.S. market, which has traditionally been a significant destination for Pakistani goods. In addition to the immediate economic effects, the tariffs could also infl...
Pakistan has a close economic and political relations with the Gulf Cooperation Council (GCC). These ties is dependent on the future leadership with the future PM. Before that Sharif has prioritised attracting investment and making strong trade between pakistan and gulf allies like Saudia Arabia and UAE. The GCC always play an vital role in pakistan economy I believe this the prime source of import and remittances from expatriate workers. According to study 4 million people are living in GCC countries. The on going economic crisis in the country due to this it help a-lot of Pakistani for living. Especially Saudi vision 2030 or UAE expo provides many opportunities for pakistan to attract the investment and export manpower goods. GCC allies have stepped up in support with billion of loans to support Pakistan’s finances. That increased the investment and trades that could help pakistan and achieve development goals. UAE & Pakistan are working to enhance the bil...