Govt initiates talks with US over newly imposed tariffs: Salehuddin

Finance Affairs Adviser Dr. Salehuddin Ahmed on Sunday said the government has taken necessary steps to engage with the United States authorities over the new tariffs imposed by Washington.

Speaking to journalists at the Secretariat, he said, “The impact of the new US tariffs on the economy will not be difficult to manage. The government is hopeful that a positive outcome will emerge from the discussions.”

Dr. Salehuddin also noted that commodity prices were found stable during Ramadan and Eid-ul-Fitr, bringing some sort of relief to the public, UNB reports. 

“This year, people had a good Eid. In March alone, the country received $3 billion in remittances, which helped boost the foreign exchange reserves,” he added.

The finance adviser said the country’s overall economic situation is showing signs of improvement, supported by the rising inflow of foreign currency.