In recent developments, Pakistan has experienced significant shifts in its energy and trade policies, notably concerning electricity tariffs and international trade relations. The government announced a Rs50 billion subsidy for electricity consumers using up to 200 units per month, aiming to alleviate the financial burden on low-income households. This move came after public outcry over a proposed 51% tariff increase, which was subsequently rolled back for protected consumers.
Concurrently, the U.S. imposed a 29% tariff on Pakistani goods, citing a trade surplus. In response, Pakistan is considering importing U.S. crude oil to balance trade and reduce the tariff impact . Additionally, the Reko Diq copper-gold project, partially funded by the U.S. Export-Import Bank, is seen as a strategic asset in ongoing U.S.-Pakistan tariff negotiations.
These developments highlight Pakistan's efforts to manage domestic energy costs while navigating complex international trade dynamics. The government's actions reflect a balancing act between domestic consumer protection and strategic international negotiations.