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 the wake of a devastating earthquake that has claimed over 1,000 lives in Myanmar and caused significant destruction in Thailand, Pakistan has extended its support to both nations. Prime Minister Shehbaz Sharif expressed deep sorrow over the tragedy, offering assistance to help alleviate the suffering of those affected.
The earthquake, measuring 7.7 on the Richter scale, struck near Sagaing in central Myanmar, causing widespread devastation. Reports indicate that numerous buildings were flattened, bridges were downed, and roads were severely damaged. The tremor was followed by a substantial aftershock, further complicating rescue and recovery efforts. In Thailand, a 30-story skyscraper under construction collapsed, adding to the tragic toll in the region.
Prime Minister Sharif took to social media to convey Pakistan's solidarity, stating, “Pakistan stands in solidarity with Thailand and Myanmar, offers our support and wishes them strength, safety, and a swift recovery from this catastrophe.” His remarks reflect Pakistan's commitment to humanitarian assistance, particularly in times of crisis.
As the situation continues to evolve, the true scale of the disaster remains uncertain due to disrupted communication in Myanmar. Aid agencies have warned that the country is ill-equipped to handle such a significant disaster, particularly as it grapples with ongoing civil unrest that has displaced millions.
International responses are beginning to materialize, with various countries pledging support to assist in the recovery efforts. Pakistan’s offer of aid highlights the importance of regional cooperation in addressing humanitarian crises and supporting affected communities.
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