Pakistan Faces Export Risk From US Tariffs: PIDE | Dawn News English

Pakistan may face a significant blow to its exports if the United States moves forward with proposed reciprocal tariffs, according to a new policy note by the Pakistan Institute of Development Economics. The report warns that a 29% tariff hike, on top of the existing 8.6% Most Favoured Nation duty, could reduce Pakistani exports to the US by up to 25%. That could translate into losses of up to $1.4 billion annually, with the textile sector most at risk. The US is Pakistan’s largest single-country export market. In the 2024 fiscal year, exports totalled $5.3 billion, largely made up of textiles and apparel. The report notes that increased tariffs could allow regional competitors like India and Bangladesh to take over Pakistan’s market share. Beyond textiles, other sectors like leather, rice, surgical instruments and sports goods also face increased vulnerability. --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Official Facebook:   / dawndotcom   Official Twitter:   / dawn_com   Website: www.dawn.com Official Instagram:   / dawnnewsenglish   #news #latestnews #dawnnewsenglish #dawnnews