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...
Abu Dhabi’s Crown Prince is scheduled to arrive in Pakistan tomorrow, marking a significant event in the diplomatic calendar of both nations. This visit is anticipated to strengthen the ties between the United Arab Emirates and Pakistan, focusing on enhancing bilateral relations in various sectors, including trade and investment. Political leaders in Pakistan are preparing to engage in meaningful discussions, reflecting the mutual interest in fostering a deeper partnership. During his stay in the federal capital, the Crown Prince will hold meetings with key figures in Pakistan’s political leadership. These discussions are expected to cover a wide range of topics, from economic cooperation to security collaboration. Both nations are keen to explore avenues for growth and development that can benefit their populations, showcasing the importance of such high-level diplomatic interactions. Sources suggest that several key Memorandums of Understanding (MoUs) will be signed as part ...