- President Trump announces a 90 -day break on prices.
- Earlier, it imposed 29% of Pakistani export prices towards us.
- Ugrad Global played a key role in promoting academic links: FO.
Foreign Office spokesperson Shafqat Ali Khan said on Thursday that Pakistan was following the issue of pricing by the United States and the recent suspension of most countries.
Addressing at the weekly press briefing, the FO spokesperson said that given the interconnected nature of world trade, pricing tax could have a large-scale impact and underlined a mutually beneficial resolution of the issue.
Last week, US President Donald Trump also intensified the trade war by announcing a reference rate of 10% on all imports, higher rights over the main trade partners of the United States and a 29% tariff on Pakistan.
After the days of global market troubles, Trump said on Wednesday that it would arouse many of his new prices for 90 days, even if he had raised them more on imports from China.
“I have authorized a 90-day break on higher prices that made vigor on Wednesday, said Trump said on his social network of truth, saying that he had made the decision after more than 75 countries have contacted negotiation and did not retaliate against the United States.
Only a lump sum rate of 10% prices on all countries that have entered into force on Saturday will remain in place. This has marked an astonishing reverse of often punishing withdrawals that even strike many of the nearest American allies.
According to a report from the Islamabad-based reflection group, Tabadlab, Pakistan could suffer an export loss estimated at $ 564 million during the year 2025-2026 due to new high prices imposed by the United States under the last change of commercial policy of President Donald Trump.
Pakistan will send a delegation to the United States in the coming weeks to negotiate new prices, the government said in an announcement before Donald Trump is delayed in the measures, AFP reported.
The fears of the benefits remain, and if things do not work, the textile sector, which includes more than half of the exports to the United States, should bear the weight of the impact. With American consumers very sensitive to prices, the demand for Tabadlab projects could decrease by at least 13% by FY2025-26. If Pakistan loses both market share and demand, export losses could ball at 2.17 billion dollars in the worst case.
“These prices can erase recent export gains in the key sectors, undermine the stability of the current account and worsen an already fragile economic perspective,” warned the report.
Global exports from Pakistan to the United States is currently totaling around $ 6.3 billion a year. New functions are a significant threat at a time when the country is trying to strengthen its external account and stabilize economic growth.
Pakistan trade data with the United States shows that imports from the United States are $ 1.87 billion in 2024, representing only 4.0% of total imports from Pakistan. The part of the United States in the five main import segments of Pakistan was even lower, at 1.4%, which indicates a minimum dependence on American goods.
The best American exports to Pakistan include pharmaceutical products ($ 147 million), machines ($ 143 million) and iron and steel ($ 190 million). However, the tariff revenues generated by these imports remain modest – only $ 85 million – with an average effective rate rate of 4.5%, significantly lower than the overall import rate of Pakistan of 8.0%.
According to calculations by the Trump administration, Pakistan invoices 58% prices on goods in the United States.
The administration has used what economists call a misleading formula to calculate the rate of prices (dividing the American trade deficit with a country of the total American imports in this country).
Pakistan’s zero rate on American cotton and limited protection for sectors such as scrap or medical equipment means that there is little immediate range for a reciprocal price lever effect in negotiations.
First cycle global exchange program
Regarding the judgment of the World Party-Cycle World Exchange Program (UGGE) for Pakistani students, the FO spokesperson declared that the decision marked the end of a 15-year commitment which played a central role in the promotion of academic and cultural links in addition to strengthening bilateral bilateral links focused on education, science and technology and contacts of people.
To a question, the FO spokesperson said that the current repatriation of illegal foreign nationals of Pakistan was under a legal framework and that individuals were authorized to return to Pakistan after obtaining a visa.
He said Pakistan had been more generous than any other country in the world to welcome Afghan nationals and reiterated government policy to ensure the return worthy of those who remain illegally.