Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Loonie declines after GDP contraction data

June 27, 2025

Donald Trump says he will only pick Fed chair who cuts interest rates

June 27, 2025

As war threatens China’s Iran investments, Middle East still beckons

June 27, 2025
Facebook X (Twitter) Instagram
Friday, June 27
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Trump’s tariff: Pakistan officials in ‘continuous contact’ with US authorities, says Commerce minister – Markets
Economist Intelligence

Trump’s tariff: Pakistan officials in ‘continuous contact’ with US authorities, says Commerce minister – Markets

adminBy adminApril 7, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 33


Federal Minister for Commerce Jam Kamal Khan on Monday said Pakistan officials were in continuous contact with the United States (US) authorities over the 29% reciprocal tariff imposed on Pakistan.

Last week, US President Donald Trump ignited a potentially ruinous trade war as he slapped tariffs on imports from around the world and harsh additional levies even on key trading partners.

“For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,” Trump said as he announced up to 50% reciprocal tariffs on a number of countries, including the country’s biggest trading partners.

In a notification on Friday, Pakistan government summoned a meeting of stakeholders on Monday (today) to analyse possible impact of the US tariff on Pakistani products.

Govt actively working on a comprehensive strategy aimed at achieving a mutually beneficial outcome with the United States.

Jam Kamal Khan chaired the meeting today with top exporters from a wide range of sectors to discuss Pakistan’s strategy and response.

The meeting was attended by representatives from all major export industries, including textiles, garments, leather, surgical instruments, services, fruits and vegetables, rice, footwear, and more, according to a statement from the Commerce ministry on Monday.

“This broad participation underscored the need for a coordinated national effort to navigate global trade challenges,” it said.

“Our trade officers and ambassadors in the US are in continuous contact with the relevant authorities to ensure that Pakistan’s concerns are effectively communicated,” the minister was quoted as saying in the statement.

He assured exporters of the government’s full support, emphasising that the government was “actively working on a comprehensive strategy aimed at achieving a mutually beneficial outcome with the United States”.

Jam Kamal Khan said the private sector would play a key role in shaping the strategy, as he sought input from exporters and industry representatives to help craft a robust, forward-looking strategy.

Meanwhile, Prime Minister Shehbaz Sharif constituted on Friday a working group to analyse the US reciprocal tariff in terms of their applicability on Pakistan exports to US on each affected tariff line, propose measures for tariff rationalisation for subsequent trade negotiations with Washington, and propose initiatives to mitigate impact of higher US tariffs for Pakistani exports, as per a notification from the Prime Minister’s Office (PMO).

More than 50 nations have reached out to the White House to begin trade talks since US President Donald Trump rolled out sweeping new tariffs, top US officials told Reuters on Sunday as they defended levies that wiped out nearly $6 trillion in value from US stocks and downplayed economic fallout.

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index also witnessed a meltdown, declining over 5% during intra-day trading on Monday before staging a partial recovery to close the session over 3% down.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

Gohar blames external fuel shocks for ‘boom and bust cycles’ in 2018, 2022 – Pakistan

June 27, 2025
Economist Intelligence

ECC approves Rs2.63trn in supplementary grants for various ministries, divisions – Business & Finance

June 27, 2025
Economist Intelligence

ECC approves Rs2.63trn in supplementary grants for various ministries, divisions – Business & Finance

June 27, 2025
Economist Intelligence

Cybersecurity company identifies over 7mn ‘compromised accounts’ belonging to Netflix, Prime, others – Technology

June 27, 2025
Economist Intelligence

How rising US interest rates could cause currency volatility in emerging markets – World

June 27, 2025
Economist Intelligence

Philip Morris accepts buyback price of Rs1,300 for voluntary delisting from PSX – Business & Finance

June 27, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Gohar blames external fuel shocks for ‘boom and bust cycles’ in 2018, 2022 – Pakistan

June 27, 2025

ECC approves Rs2.63trn in supplementary grants for various ministries, divisions – Business & Finance

June 27, 2025

ECC approves Rs2.63trn in supplementary grants for various ministries, divisions – Business & Finance

June 27, 2025

Cybersecurity company identifies over 7mn ‘compromised accounts’ belonging to Netflix, Prime, others – Technology

June 27, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Loonie declines after GDP contraction data
  • Donald Trump says he will only pick Fed chair who cuts interest rates
  • As war threatens China’s Iran investments, Middle East still beckons
  • Donald Trump halts US-Canada trade talks over Big Tech tax dispute
  • Cramer’s stance on Boeing as the Air India crash investigation continues

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Loonie declines after GDP contraction data

June 27, 2025

Donald Trump says he will only pick Fed chair who cuts interest rates

June 27, 2025

As war threatens China’s Iran investments, Middle East still beckons

June 27, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.