The Foreign Office on Thursday said it was keeping an eye on the issue of tariffs recently imposed by the US on Pakistan, as well as many countries being granted a three-month suspension from them.
The development comes as the US President Donald Trump said on Wednesday that he would pause many of his new tariffs for 90 days, even as he raised them further on imports from China.
Trump’s sudden reversal came less than 24 hours after steep new tariffs kicked in on imports from dozens of trading partners. The new trade barriers have hammered markets, raised the odds of recession and prompted retaliatory responses from China and the European Union.
The government on Wednesday said it was set to send a high-level delegation to the US to promote trade relations and discuss a 29 per cent tariff that has been imposed on goods the US imports from Pakistan.
While responding to a question during his weekly press briefing in Islamabad, Foreign Office spokesperson Shafqat Ali Khan said that Pakistan was following the issue of tariff imposition by the US and the recent suspension on imports from most of the countries.
He added that considering the interconnected nature of global trade, the tariff imposition could have a far-reaching impact and emphasised a mutually beneficial resolution of the matter.
Regarding the discontinuation of the Global Undergraduate Exchange Programme (Global UGRAD) for Pakistani students, the spokesperson said that the decision marked “the end of a 15-year engagement that played a pivotal role in promoting academic and cultural linkages besides strengthening bilateral ties focusing on education, science and technology and people-to-people contacts”.
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