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Govt asks businesses to help bridge trade deficit with US

65 30
14.04.2025

• Aurangzeb seeks proposals from business community to mitigate impact of tariff war
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LAHORE: Finance Minister Muhammad Aurangzeb has urged the business community to share ideas and proposals to enable the government in ending trade deficit with the United States in light of duties imposed by the Trump administration.

“There is a relief in US tariff for 90 days. But the 10pc base tariff has already been enforced. Though this issue [imposition of tariff] exists at the moment, the real issue is the trade imbalance which needs to be resolved with your [business community’s] views, suggestions and ideas,” the minister said while speaking at the Lahore Chamber of Commerce & Industry (LCCI) on Saturday.

“By seeing our exports, now we will have to increase our imports too. As you say we may import wheat and other items to end the trade imbalance. For this, I would request you to give us your........

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