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...
In a dramatic turn of events, the Federal Board of Revenue has lifted the freeze on Pakistan International Airlines ' bank accounts, but the shadow of financial woes looms large. With 28 accounts initially frozen and Pakistan State Oil issuing ultimatums, the national carrier finds itself in a precarious position. This financial saga unfolds against the backdrop of a European Union Aviation Safety Agency (EASA) team scrutinizing Pakistan's flight safety measures. PIA, previously barred from European operations following a 2020 crash and allegations of dubious pilot qualifications, faces a dual challenge: financial recovery and restoring international aviation credibility. As recovery proceedings persist, can PIA navigate these turbulent skies and regain its status as a safe and reliable airline? The answers may shape not only the fate of the national carrier but also the perception of Pakistan's aviation industry on the global stage.