Tariff blow
FOR an export sector already squeezed by high production costs, the additional 10pc tariff on top of the existing 29pc on Pakistan’s shipments to the US comes at the worst possible moment for the country’s textile and apparel industry. The new import tax imposed by the US trade representative late last month, after a review linked to enforcement of forced-labour prohibitions across Washington’s trading partners, risks eroding Pakistan’s competitiveness in the American market. Pakistan prohibits forced labour by law, but the US wants stricter enforcement. Textiles and apparel account for most of........
