International media reports suggest that that Pakistan’s export sector is set to face a significant setback, with estimated losses of up to $700 million due to a recent increase in U.S. tariffs.
Sources suggest that the 29% tariff imposed by U.S. President Donald Trump on Pakistani exports in recent weeks could lead to financial losses ranging between $500 million and $700 million.
The report further notes that this move by the U.S. administration is expected to have a negative impact on the economic stability of Pakistan’s markets, potentially contributing to a decline in economic stability.
