KARACHI: Businessmen are initially delighted over Donald Trump’s win in the US election, hoping that Pakistan is likely to benefit in case the US raises import tariffs for many countries, followed by low freight and oil prices in case two wars come to an end as desired by the upcoming US president.

Pakistan Business Council (PBC) Chief Executive Officer Ehsan Malik said the “America First” theme will likely dictate Trump’s policies more forcefully than hitherto, especially if the Republican Party has the majority in both houses.

He believed that the US manufacturing sector would receive the highest incentives. Tariffs on some imports and goods sourced from Chinese plants........

© Dawn Business