ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has expressed serious concern over the U.S. decision to impose additional tariffs on Pakistani products.
In a video message, he said that the United States is Pakistan’s largest trading partner, and the new tariffs will negatively impact Pakistan’s exports.
President FPCCI appealed to the U.S. government to reconsider its decision, stating that Pakistan and the U.S. have maintained trade and business relations for over 70 years. He warned that if the additional tariffs remain in place, Pakistan will face significant economic challenges.
Atif Ikram Sheikh further added that Pakistan’s government is introducing policies to boost exports. He noted that petroleum prices and bank markups are decreasing, which could help exporters, but the new U.S. tariffs will make things difficult. He emphasized that keeping the additional tariffs would not be good for Pakistan.
