The Economic Coordination Committee (ECC) of the Cabinet here on Thursday approved key measures for the winding-up of the Pakistan Agricultural Storage and Services Corporation (PASSCO) and amendments to the Import Policy Order, 2022, aimed at strengthening Pakistan’s trade governance framework. The ECC, which met here under the chairmanship of the Federal Minister for Finance […]
trade policy
US proposes tariffs on Pakistan over labour concerns
The United States (US) has proposed new tariffs on imports from 60 economies, including Pakistan, citing concerns over the enforcement of measures against goods produced with forced labour. Read More: U.S. cuts tariffs on Pakistan, but costs still high According to a filing by the Office of the United States Trade Representative (USTR), the proposed duties range from 10 […]
Trump imposes new 10% tariff after Supreme Court setback
WASHINGTON: President Donald Trump on Friday signed an order imposing an additional 10% tariff on imports into the United States, following the US Supreme Court ruling that invalidated many of his previous sweeping trade duties. Read More: US Supreme Court strikes down Trump’s global tariffs The new tariff, set to take effect on February 24 for 150 days, […]
House votes to overturn Trump’s Canada tariffs
WASHINGTON: The US House of Representatives votes Wednesday to overturn President Donald Trump’s tariffs on Canada, with six Republicans joining nearly all Democrats in opposing a key part of the president’s trade agenda. The measure passed 219–211. Read More: Trump warns Canada over China trade ties While largely symbolic, the resolution signals congressional resistance to Trump’s unilateral trade […]
National Assembly flags decline in exports, seeks clarity on policy impact
A National Assembly committee on Wednesday voiced concern over the continued decline in Pakistan’s commodity exports, while the commerce ministry defended its policy direction and outlined measures aimed at boosting export performance. Read More: PM announces power tariff cut, incentives for industry, exporters The National Assembly Standing Committee on Commerce, chaired by Jawed Hanif Khan, met […]
Pakistan targets $60bn exports by 2029, says Ahsan Iqbal
DUBAI: Federal Minister for Planning and Development Ahsan Iqbal has said Pakistan has set an ambitious export target of $60 billion by 2029 as part of a long-term strategy aimed at strengthening the country’s presence in global trade. Read More: Pakistan eyes $6-8bn mineral exports: Ahsan Iqbal Speaking during his visit to the Pakistan Pavilion at Gulfood 2026 […]
Experts warn trade disruptions hurting Pakistan-Afghanistan ties
Experts have warned that prolonged disruptions in Pakistan-Afghanistan trade and transit are fuelling economic uncertainty and regional instability. They said unpredictability in cross-border movement has emerged as a more damaging factor than costs, severely affecting livelihoods and regional connectivity. Read More: Stop trade with Pakistan, Afghan Taliban tells traders These views were expressed during an online dialogue titled “Exploring Pathways […]
Pakistan’s current account deficit rises to $733m in FY26
Pakistan’s current account deficit has widened sharply to $733 million in the first four months of FY26, a staggering 256pc increase from last year. Fresh State Bank data shows that the deficit is being fuelled not by productive investment but by soaring imports and weakening investor confidence. Read More: Pakistan’s Import Pressure Deepens Economic Trouble Imports of […]
US Supreme Court questions Trump’s global tariff powers
WASHINGTON – The US Supreme Court on Wednesday cast doubt on former President Donald Trump’s authority to impose sweeping global tariffs under the 1977 International Emergency Economic Powers Act (IEEPA), raising the possibility that the levies could be struck down. During oral arguments, justices questioned whether the IEEPA — which allows regulation of imports during […]
Trump plans tariff blitz: 50% on copper, 200% possible for medicines
US President Donald Trump has announced plans to impose a 50% tax on copper imports, signaling a more aggressive trade policy if re-elected. Speaking during a cabinet meeting, Trump said his administration is actively working on the copper issue as part of a broader investigation into metal imports. In addition, Trump hinted at an even […]