US, EU tariff cuts for India hit Pakistan’s cotton sector

US, EU tariff cuts for India hit Pakistan’s cotton sector

Pakistan’s cotton industry is in a quandary after the United States unexpectedly reduced tariffs on Indian goods. This follows the European Union’s decision to grant almost duty-free access to Indian exports, raising concerns about a further decline in Pakistan’s exports. Cotton Ginners Forum Chairman Ihsanul Haq warned that unless the federal and provincial governments take immediate and targeted measures for the cotton and textile sectors, Pak…

10pc tariff reduction: PTC urges PM to engage US through all channels

ISLAMABAD: Pakistan Textile Council (PTC) has asked the Prime Minister Shehbaz Sharif that Pakistan urgently and proactively utilise all available diplomatic, strategic, and commercial channels to engage the US administration for reduction of Pakistan’s reciprocal tariff to around 10 percent. According to a communication of PTC to the Prime Minister, the reduction in electricity tariffs for industry and the timely lowering of Export Refinance Fa…