Pakistan, April 14 -- The Pakistan Institute of Development Economics (PIDE) has raised alarms about potential US tariffs on Pakistani products. Although these tariffs have been temporarily suspended, PIDE warns that their eventual implementation could severely harm Pakistan's export sector. The think tank predicts a possible 20-25% decline in exports to the United States, costing the economy between $1.1 billion and $1.4 billion annually.

PIDE highlights that Pakistan's textile sector would be particularly vulnerable to these increased tariffs. Currently, Pakistani textile exports represent a significant portion of the $5.3 billion worth of goods sent to the United States in fiscal year 2024. Higher tariffs would make Pakistani products...