India and the European Union finalized a landmark trade deal on Tuesday, cutting tariffs on autos, textiles, and spirits. The pact aims to double EU exports to India by 2032. European companies are expected to save $4.75 billion in duties. The deal will gradually reduce tariffs on 96.6% of traded goods by value. Indian cars […]
Tariff Cuts
Pakistan, US agree on tariff cuts and oil partnership
Pakistan and the United States have finalized a significant trade agreement aimed at boosting bilateral commerce and investment. The deal was announced on Wednesday night, following high-level meetings in Washington. While tariff details remain undisclosed, both sides confirmed plans to reduce trade barriers. Finance Minister Muhammad Aurangzeb led the Pakistani delegation, which included top officials. […]
Pakistan’s car prices to fall with major tariff cuts backed by IMF
Pakistan has reached an agreement with the International Monetary Fund (IMF) to reduce the country’s weighted average tariffs to 6 percent over the next five years. This cut is significant, halving the current rate of 10.6 percent. The goal is to open up Pakistan’s economy to more foreign competition, making it the lowest in South […]