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Security guards stand outside the Ministry of Foreign Affairs in Islamabad in this undated image. — AFP/File
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US President Donald Trump announced a 90 -day break on “bilateral” taxes, Foreign Office spokesman Shafqat Ali Khan called on the mutual resolution of the matter for Islamabad and Washington on Thursday.
Addressing a weekly press briefing, a spokesman for the FO said that Pakistan was following the issue of tariffs by the United States and the recent suspension of most countries.
He said that considering the associated nature of global trade, imposing tariffs could have a far -reaching impact and emphasizing the need for a mutual solution to the matter.
Last week, US President Donald Trump further increased the trade war by announcing a 10 % tariff on all imports, high duties on key trade partners in the United States, and 29 % tariff on Pakistan.
After the days of the world market riots, Trump said on Wednesday that he would stop many of his new rates for 90 days, until he increased them on imports from China.
At the high rates imposed on Wednesday, Trump said “I have allowed 90 days of pause”, Trump said on his true social network, saying he took the decision after reaching more than 75 countries and did not retaliate against the United States.
Only 10 % of the flat rates will remain on all countries implemented on Saturday. This often marked a surprising upside down by punishing levies that even kill the nearest US allies.
According to a report by a think tank exchange lab based in Islamabad in FY 2025-26, Pakistan could cost $ 564 million in fiscal year 2025-26, according to President Donald Trump’s latest trade policy shift.
According to AFP, the government said that Pakistan would send a delegation to the United States to discuss new taxes in the coming weeks, the government said in a announcement that Donald Trump announced a delay in the steps.
The threat of the fallout is left, and if things do not work, the textile sector, which includes more than half of the US exports, is expected to have an effect. With US consumers being highly sensitive, the demand for exchange lab projects may decrease at least 13 % from fiscal year 2025-26. If Pakistan loses both market share and demand, export losses can reach $ 2.17 billion in balloons in the worst situation.
The report warns, “These rates have eliminated the recent benefits in exports in key sectors, which has damaged the current account stability and can already mix a delicate economic approach.”
Pakistan’s total exports are currently about $ 6.3 billion annually to the United States. New duties are at a time when the country is trying to advance its external account and strengthen economic growth.
Pakistan’s trade data with the United States shows that imports from the United States have been $ 1.87 billion in 2024, which is only 4.0 percent of Pakistan’s total imports. The US share of Pakistan’s first five imported segments was less, which was 1.4 %, which indicates the least dependent on US goods.
US high exports to Pakistan include pharmaceuticals (7 147 million), machinery (3 143 million), and iron and steel ($ 190 million). Nevertheless, tariff income from these imports is modest – only Million 85 million – average efficient tariff rate is 4.5 %, which is significantly lower than Pakistan’s total import tariff average.
According to the Trump administration’s calculation, Pakistan receives 58 % of the revenue on US goods.
The administration used it, which experts call misleading formulas to calculate the rates of economics (dividing the US trade deficit with a country with total US imports in this country).
Pakistan’s zero tariff on US cotton and limited protection for sectors such as scrap metal or medical equipment means that negotiations have immediate scope for exploiting mutual rates.
World Undergraduate Exchange Program
Regarding the elimination of the World Undergraduate Exchange Program (Global Yograd) for Pakistani students, a FO spokesman said the decision has marked the end of 15 -year engagement, which has focused on focusing on education, science and technology and people’s relations, in addition to strengthening bilateral relations.
According to a question, the FO spokesman said that the ongoing withdrawal of illegal foreign nationals from Pakistan is under a legal framework and these persons were allowed to return to Pakistan after obtaining a visa.
He said that Pakistan has been more generous than any other country in the world to host Afghan citizens and has reaffirmed the government’s policy to ensure the respected return of illegal residents.
