Finance Minister Muhammad Aurangzeb has assured the business community that the recent US tariff developments are manageable for Pakistan. Speaking during a visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he expressed confidence that Pakistan’s economic ties with the US remain stable and constructive despite global uncertainties. He highlighted that Pakistan’s […]
US tariffs
Trump tariffs threaten Pakistan’s exports and jobs, warns economic report
The Pakistan Institute of Development Economics (PIDE) has raised alarms about potential US tariffs on Pakistani products. Although these tariffs have been temporarily suspended, PIDE warns that their eventual implementation could severely harm Pakistan’s export sector. The think tank predicts a possible 20-25% decline in exports to the United States, costing the economy between $1.1 […]
ICMA report highlights challenges for Pakistan’s textile sector amid US tariffs
The Institute of Cost and Management Accountants of Pakistan (ICMA) has published a report regarding the 29 percent tariff that the United States has placed on exports from Pakistan. This tariff affects a wide range of goods, but ICMA focused on its impact on Pakistan’s textile exports, which make up over 70 percent of the […]
Apple airlifts 1.5 million iPhones from India to dodge US tariffs
Apple has shipped 600 tons of iPhones, or about 1.5 million units, from India to the US using cargo flights. The tech giant fast-tracked production and exports to avoid new US tariffs on Chinese imports, which recently rose to 125%. By shifting supply to India, Apple aimed to reduce costs and keep iPhone prices stable […]
US tariffs prompt economic growth slowdown for India
India’s economic growth is likely to slow down due to new tariffs imposed by the United States. Analysts estimate a decline of 20 to 40 basis points in the ongoing financial year. President Donald Trump recently announced a 26% reciprocal tariff on Indian goods. This could affect the Reserve Bank of India’s (RBI) projected growth […]
China exports grow despite US tariffs, but imports slump most in nearly 3 years
China’s exports unexpectedly returned to growth in May despite higher US tariffs, but imports fell the most in nearly three years in a further sign of weak domestic demand that could prompt Beijing to step up stimulus measures. Some analysts suspected Chinese exporters may have rushed out shipments to the United States to avoid […]