📉 $1 Billion Loss Expected Due to U.S. Tariff on Pakistani Exports
Islamabad – A confidential document from the Ministry of Commerce has revealed the potential damage to Pakistan’s economy after the United States imposed a 29% tariff on Pakistani goods.
According to the report:
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Estimated Loss to Pakistan: $1 billion
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Despite the tariff, the U.S. is still expected to face a $2 billion trade deficit with Pakistan.
📦 Trade Figures at a Glance
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FY 2024 Total Trade Volume (Pakistan–U.S.): $7.3 billion
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U.S. Exports to Pakistan (2024): $2.1 billion — a 4.4% increase from 2023
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Pakistan Exports to U.S. (2024): $5.1 billion — a 4.9% increase from 2023
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U.S. Trade Deficit with Pakistan: Now $3 billion, up 5.2% from 2023
📊 Sectors Most Affected
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Textiles & Apparel: 55% of Pakistan’s U.S. exports
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IT Exports: Surpassed $1 billion
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Major Concern: Tariffs will increase product prices, reducing demand in U.S. markets
The Commerce Ministry sources warn that Pakistan could lose 10–15% of its total exports and that the search for alternate markets, particularly for rice and textiles, will be challenging.
⚠️ Urgent Need for Action
To avoid deeper economic strain, Pakistan must engage in immediate trade negotiations with the United States. Delays could lead to:
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Further export losses
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Increase in the national trade deficit
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Long-term damage to textile industry competitiveness