Karachi, February 8, 2025 – The Site Association of Industry (SAI) has advised the Pakistan government to take advantage of recent tax measures introduced by the United States against various countries.
According to SAI, these changes present a unique opportunity for Pakistan’s exporters to enhance their presence in the US market.
SAI President Ahmed Azeem Alvi, in a statement, urged the government to act swiftly in response to reports suggesting a potential tax increase by the USA on imports from China, Mexico, Canada, and other nations. He emphasized that Pakistan could strengthen its exports by leveraging this situation to its advantage.
To facilitate exporters, SAI recommended that the government introduce tax reductions, lower electricity and gas tariffs, and implement policies aimed at reducing industrial production costs. By offering these incentives, SAI believes Pakistani exporters will be able to enhance their competitiveness in the global market, particularly in the USA, where price competitiveness is crucial.
“We must not let this opportunity slip under any circumstances,” stated Alvi. “To maximize the benefits, a well-planned strategy should be formulated in consultation with key stakeholders, ensuring that both large-scale manufacturers and small and medium enterprises (SMEs) can capitalize on the advantages presented.”
SAI further stressed that this is a crucial time for Pakistan to boost its export sector. Alvi pointed out that Pakistan produces high-quality goods, which could secure a significant share of the US market if properly marketed. However, he underlined the need for collaboration between exporters, the Government of Pakistan, and the Pakistani Commercial Attaché in the USA. SAI suggested that facilitating B2B meetings with American buyers could greatly aid in securing export orders, thereby strengthening Pakistan’s standing in international trade.
“The government should provide relief to export industries for at least one year, a move that could potentially result in a minimum 30% increase in exports,” Alvi asserted. “This would not only bring much-needed foreign exchange into the country but also stimulate industrial growth and generate employment opportunities for Pakistan’s youth.”
SAI reiterated its call for immediate action, emphasizing that timely interventions could significantly boost Pakistan’s export performance and overall economic resilience in the face of evolving global trade dynamics.
