Pakistan–US Talks Underway to Reduce 19% Tariff
Second day of discussions in Washington focus on exports, investment, IT sector, and broader economic cooperationWASHINGTON — Pakistan and the United States continued a second day of trade negotiations in Washington aimed at improving bilateral economic ties and securing a reduction in the 19 percent tariff currently imposed on Pakistani exports to the US.According to…
Second day of discussions in Washington focus on exports, investment, IT sector, and broader economic cooperation
WASHINGTON — Pakistan and the United States continued a second day of trade negotiations in Washington aimed at improving bilateral economic ties and securing a reduction in the 19 percent tariff currently imposed on Pakistani exports to the US.
According to official sources, the Pakistani delegation held detailed discussions with US counterparts covering bilateral trade expansion, promotion of exports, opportunities for foreign investment, cooperation in the information technology sector, and strengthening overall economic engagement between the two countries.
Sources say the primary objective of the talks is to secure relief from the heavy tariff burden on Pakistani goods, which officials believe would enhance the competitiveness of Pakistani exports in international markets. Discussions also touched on expanding IT-sector partnerships and encouraging US investors to explore opportunities in Pakistan.
Officials described the atmosphere of the talks as constructive, with both sides showing a cooperative approach, though no formal announcement on a tariff reduction or final agreement has been made so far.
Economic analysts note that a reduction in tariffs, if achieved, could significantly benefit Pakistan’s textile, agricultural, and other export-oriented sectors — potentially boosting foreign exchange reserves and contributing to broader economic stability.
