Pakistan, April 11 -- The Institute of Cost and Management Accountants of Pakistan (ICMA) has published a report regarding the 29 percent tariff that the United States has placed on exports from Pakistan. This tariff affects a wide range of goods, but ICMA focused on its impact on Pakistan's textile exports, which make up over 70 percent of the country's shipments to the US. The report warns that this tariff may cause significant short-term challenges for Pakistan's textile sector.

According to the report, the new tariff could lead to reduced export volumes and shifted US orders to countries with lower tariffs. This shift may result in job losses and potential factory closures, particularly among small and medium-sized exporters. Althoug...