Pakistan has planned to see the 29% tariff imposed by Trump’s administration as an opportunity rather than a challenge. Recently, Finance Minister Mohammad Aurangzeb said in a statement that Pakistan will use the change in US trade policy as an opportunity.

The US has decided to increase the tariff of 29% on the goods imported from Pakistan, which has created a big challenge in front of Pakistan’s exporters. However, the Finance Minister said that even in such difficult times, Pakistan will try to turn this challenge into opportunity. He said, ‘You should never miss the opportunity to take advantage of the good crisis. We are seeing it both as a challenge and opportunity. “

Washington will be sent high-level delegation

To solve this challenge, Pakistan is planning to send a high-level delegation to Washington. Finance Minister Aurangzeb said that after getting approval from the Prime Minister, this delegation will try to present Pakistan’s favor in the US and strengthen relations between the two countries.

Focus on economic reforms

The Finance Minister said that the Government of Pakistan is also working on various internal reforms. He appreciated the tax-revenue growth and said that by next month, Pakistan’s tax-revenue is expected to reach 10.6 percent. Apart from this, he also talked about a possible decrease in inflation fall and interest rates, which will improve Pakistan’s economic condition.

Improvement in energy sector and debt management

The Finance Minister also talked about reforms in the energy sector, where he announced a shortage of one-third in electricity rates for industries. Apart from this, the government has also extended the loan period in terms of debt management, which will help the government to reduce the burden of interest on loans.

Will you really get the benefit of this tariff

Neighboring country Finance Minister Aurangzeb may be talking about finding benefits in Trump’s tariff, but the Government of Pakistan is worried about this trade war and it is clearly visible. After the announcement of Donald Trump’s tariff, Pakistani Prime Minister Shahbaz Sharif has taken two committees on the matter immediately. A committee is formed under the leadership of Finance Minister Mohammad Aurangzeb. In this, economists and people of industry have been included.