Islamabad:Pakistan has successfully concluded a crucial round of trade negotiations with the United States, reaching a new tariff agreement that is expected to unlock significant export potential.
The Ministry of Finance announced that a 19% tariff will now be applied to Pakistani goods entering the U.S. market.
This rate, seen as regionally competitive, positions Pakistan on a stronger footing against other Asian exporters.
Officials highlighted that this is especially beneficial for Pakistan’s textile industry — a sector central to the national economy.
Textile Sector to Benefit Most
The government sees this development as a breakthrough, especially for textile exporters.
By maintaining a competitive tariff rate, Pakistan’s access to the American market will improve significantly.
Textiles have long formed the backbone of Pakistan’s exports, and this deal gives the industry fresh momentum.
The Ministry emphasized the importance of coordinated efforts by exporters, trade associations, and marketing firms.
An aggressive marketing and outreach campaign is now essential to maximize gains from this new opportunity.
The government will provide full policy and promotional support to exporters across sectors.
Scope for Growth Beyond Textiles
While textiles remain the core focus, Pakistan also sees rising potential in other sectors.
The government is now eyeing U.S. cooperation in diverse industries, including technology, AI, cryptocurrency, and energy.
Special attention will be given to mines and minerals, another area of strategic importance for economic growth.
Strong Diplomatic Coordination Praised
This agreement reflects not only economic understanding but also strong diplomatic ties.
The Ministry acknowledged the vital role played by Pakistan’s Embassy in Washington and key departments back home.
Continued cooperation with President Trump’s administration is expected in upcoming trade and investment initiatives.
Officials reaffirmed Pakistan’s commitment to mutual economic prosperity and sustainable growth through bilateral cooperation.
