Impact of Trump’s tariffs in Pakistan not severe, says AKD

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On Wednesday, the chairman of the AKD group, Akh Karim Dhdhi, said on Wednesday that Pakistan was not as severely affected by international prices imposed by the United States as other nations.

The tariff plan proposed by US President Donald Trump has targeted goods from almost every country and includes at least 10 %. Wall Street is shaken by the decision that experts have criticized. Experts said it could increase costs and potentially lead to global recession.

Trump has often cited unfair trade methods as justifying the increase in prices, and has claimed that he will give rise to restoration in US manufacturing.

In his interview with Reuters, Dhidi said, “Prices have created problems around the world, and when Pakistan is also affected, its impact is not so severe here.”

“Pakistan’s exports are still low, while imports are high, so the impact of revenue is low,” said Dadi.

Deedi also pointed to the stock market performance. “The stock market around the world has decreased by 14 percent to 20 percent,” he said. He added, “We are in a better position, and the future does not seem bad,” he added, because now Pakistan’s exports grow in mining, livestock, dairy and IT sector.

Pakistan’s benchmark share index fell 5 % on Wednesday after falling into the world markets.

After this malfunction, the 45 -minute market halt was mobilized. However, the benchmark index increased last week when Pakistan reduced energy prices for domestic and industrial consumers, despite global markets drowning after the US decision to impose US taxes on trade with countries.

Dahdi warned that more revenues could lead to inflation. “When inflation is, interest rates will increase, increase in interest will lead to unemployment,” he said. He added that the increase in interest rates could reduce the bank’s reserves, and if the money is lost, Pakistan’s reserves may decrease slightly.

Former Finance Ministry Advisor, Dr. Khazan Najib, commenting on the impact of US prices on Pakistan, said that revenue will put additional pressure on the national economy.

Talking to Geo.TV, Najib also called on the concerned authorities to focus on enhancing local business productivity and improving the energy sector.

“With a trade volume of about $ 7 billion with the United States, Pakistan will now have to focus on strategic dialogue and improving local business productivity. Only through structural reforms, such as improving the energy sector, can expect Pakistan to reduce this tariff,” he said.

Abdul Rauf Shakori, a corporate lawyer based in the United States, argued that Pakistan would have to intensify its diplomatic efforts to resolve the issue. He explained to Geo.TV that these taxes, which are part of Trump’s ‘America First’ agenda, could have serious utility if they were not taken advantage of.

Shakuri advised that “Pakistan should give priority to dialogue with the US government to reduce prices. The purpose of this purpose should be to emphasize the mutual economic benefits and obstacles of continuing trade relations that these revenue will generate not only Pakistan but also to supply China globally.”

Former Pakistan Ambassador to the United States, Millia Lodhi, shared a similar view. He argued that increasing revenue would inevitably make Pakistani goods more expensive in the United States, which would likely reduce demand.

However, it highlighted the US China’s trade war for Pakistan and played a major diplomatic role in its benefit.