ISLAMABAD: The new tariff agreement with the United States is expected to enhance market access, strengthen trade flows, and boost Pakistani exports in various sectors, thereby contributing to economic growth, the Finance Ministry said here Friday.
In a press statement, the ministry expressed satisfaction over the successful conclusion of tariff-related discussions with the United States, adding that, as a result of these talks, a 19% tariff will be applicable to Pakistani exports entering the U.S. market.
“This decision reflects a balanced and forward-looking approach by the U.S. authorities, keeping Pakistan competitive relative to other South and Southeast Asian countries,” it said. In particular, this tariff level is expected to support Pakistan’s export potential, especially in key sectors such as textiles, which remain the backbone of the country’s export economy.
“The Ministry of Finance, in close coordination with relevant stakeholders, believes that the current tariff arrangement presents a significant opportunity to expand Pakistan’s footprint in the U.S. market,” the statement said adding that it was essential for Pakistani exporters and trade bodies to adopt an aggressive and focused marketing strategy to capitalize on this development.
In addition to textiles, there was substantial potential for growth in other sectors, it said, adding the government was committed to facilitating exporters through policy support, market intelligence, and trade promotion initiatives.
The ministry expressed the hope to further positive engagements and close cooperation with the United States in the areas of investment, artificial intelligence, cryptocurrency, mines & minerals, energy, and other emerging sectors.
“Pakistan will continue to engage closely with President Trump and the U.S. administration to promote the shared goals of economic development and mutual prosperity,” it added.
The ministry appreciated the constructive engagement of the US authorities and acknowledged the valuable role played by country’s team including Ministry of Commerce, Mission in Washington DC and other public and private sectors stakeholders.
