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 agreed to adopt a hybrid model for hosting the 2024 Asia Cup, marking a significant compromise to ensure the tournament proceeds amid geopolitical tensions. This decision comes after months of deliberations with the Asian Cricket Council (ACC) and key stakeholders, including India, which expressed concerns about traveling to Pakistan for the event. Under the hybrid arrangement, Pakistan will retain hosting rights, but matches involving India and certain other games will be held at neutral venues. This model allows all participating nations to compete while addressing security concerns raised by the Board of Control for Cricket in India (BCCI). The hybrid solution is being hailed as a diplomatic win for cricket and Pakistan. It not only preserves the country’s right to host a major event but also strengthens regional cooperation in the sport. Pakistan Cricket Board (PCB) officials emphasized the importance of this compromise, aiming to focus on the tournament’s succes...