Pakistani exporters are requesting the government with steady policy support, reduced production expenses, and simplified access to raw materials following the US slashing of one-on-one tariffs on Pakistani products from 29% to 19%. They perceive this to be a great chance to increase exports in the US market.
The exchange was made during a US Reciprocal Tariffs meeting, which was presided over by Federal Minister for Commerce Jam Kamal Khan, a statement from the Ministry of Commerce said.
The forum was joined by senior government representatives, including Special Assistant to the Prime Minister for Industries and Production Haroon Akhtar Khan, Coordinator to the Prime Minister for Commerce Rana Ihsaan Afzal, Secretary Commerce Jawad Paul, and senior officials from different divisions. More than 30 major exporters and SMEs from industries such as textiles, rice, salt, surgical items, sports goods, electronics, agriculture, leather, and so on also attended.
Business elites commended the government for its achievement in securing what they termed one of Pakistan’s greatest trade victories in years, particularly against regional rivals. But they emphasized that predictable policies were necessary to assist in lowering manufacturing costs and providing access to required inputs to allow exporters to fully benefit from the cut in tariffs.
Minister Jam Kamal Khan promised the exporters that the government is focused on export-led growth through short-term as well as long-term measures. He told them all suggestions in the meeting would be forwarded to the Prime Minister for approval.
Special Assistant Haroon Akhtar underscored Pakistan’s regional opportunity and pledged the maximum government support to enable industries to explore and leverage this new opportunity.
