Islamabad says new tariff arrangement to help Pakistan expand footprint in US market

ISLAMABAD: Pakistan’s new trade tariff arrangement with the United States (US) will help expand its footprint in the US market, the Pakistani finance ministry said on Friday. The statement came a day after the White House said the US will charge a 19 percent tariff on imports from Pakistan, compared to a 29 percent reciprocal tariff announced in April that had raised alarm in Islamabad. The US is Pakistan’s top export destination, with shipments totaling $5.44 billion in fiscal year 2023-2024, according to official data.

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