The most recent development in Pakistan's economic landscape involves Finance Minister Muhammad Aurangzeb's upcoming visit to the United States to discuss industry proposals amid shifting regional trade dynamics. As reported by both 'Profit by Pakistan Today' and 'Business Recorder', Aurangzeb emphasized the need for Pakistan to reassess its trade strategy due to recent agreements between the US and regional economies like India and Bangladesh, which have raised concerns about Pakistan's competitive positioning. The US is a crucial market for Pakistan, accounting for 18% of its total exports, approximately $5.8 billion in FY2024-25, with textiles and garments comprising 82% of these exports. Aurangzeb stated, 'We are in a new world order,' highlighting the necessity for businesses to adapt to changing global economic conditions.
ECONOMY
Finance Minister Aurangzeb's US Visit to Discuss Trade Strategy
Pakistan's Finance Minister visits the US to discuss trade amid regional shifts. FPCCI aids industry with tax cuts, while reforms aim to boost competitiveness and tackle illicit trade.
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Business Recorder
Updated 1 day agoFPCCI played practical role in addressing challenges facing business community: TanveerFEB 14, 9:44 PMRead →Aurangzeb to visit US as Pakistan reassesses trade strategy amid regional trade shiftsFEB 14, 11:19 AMRead →Tax reforms to make system business-friendly: DG TPOFEB 13, 9:23 PMRead →Illicit cigarette trade: Aurangzeb, BAT-PTC team discuss enforcement actionsFEB 13, 1:29 AMRead →Alleviating taxpayers’ difficulties top priority: FTOFEB 13, 12:47 AMRead →
PBPT
Profit by Pakistan Today
Updated 1 day agoTL
Tribune Latest
Updated 2 days agoTH
thenews.pk
Updated 2 days agoTNB
The Nation Business
Updated 3 days agoDN
dnanews
Updated 3 days agoPI
pid.gov.pk
Updated 3 days agoME
mettisglobal.news
Updated 3 days agoAP
app.com.pk
Updated 3 days agoCU
customstoday
Updated 4 days agoYT