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theboardiQ Tariffs Dashboard:
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Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

Implications
As of January 2026, the trade landscape between the US and Pakistan is defined by a high-stakes "Tariff Deal" reached in late 2025. This agreement was a strategic move to prevent a projected $1.4 billion annual export loss following the US's shift toward aggressive "reciprocal tariffs."
Latest US Tariffs Update (2026)
Following a period of extreme trade tension in early 2025, where Pakistan faced a potential 29% universal reciprocal tariff (on top of existing MFN rates), a landmark bilateral agreement was finalized.
Current Status: The aggressive 29% tariff has been suspended/restructured.
Effective Rate: Most Pakistani exports to the US now face a negotiated rate in the range of 15% to 20%.
Special Exemptions: * Pharmaceuticals: Largely spared from new tariffs to ensure supply chain stability.
US-Origin Inputs: Products made using US-grown cotton or other American raw materials may qualify for lower duty tiers to protect integrated supply chains.
Information Technology: Digital services remain a high-growth, low-tariff priority area for both nations.
Major Companies Impacted
The impact is felt most acutely in the textile and apparel sector, which constitutes nearly 80% of Pakistan’s exports to the US.
Company | Sector | Primary Impact |
Interloop Ltd | Textiles (Hosiery) | Major exposure; leveraging US-origin cotton to mitigate tariff hikes. |
Nishat Mills | Textiles (Composite) | Facing pressure on margins; diversifying into EU and GCC markets. |
Lucky Core Industries | Chemicals/Polyester | Impacted by higher costs for specialized chemical exports. |
Systems Ltd / TRG | IT & Services | Positive impact; exempted from most physical goods tariffs; seeing increased demand. |
Searle / Getz Pharma | Pharmaceuticals | Stable; benefited from the "biopharma exemption" in the 2025/26 trade policy. |
GDP & Balance of Trade (BOT) Impact
GDP Growth
The IMF and State Bank of Pakistan (SBP) have adjusted growth forecasts due to these trade shifts.
FY2026 Forecast: GDP growth is projected at 2.6% to 3.0%.
Growth Drivers: While tariffs initially threatened to shave 0.5% off the GDP, the 2026 "Tariff Deal" and surging IT exports ($5B+ target) have provided a buffer.
Balance of Trade (YTD Jan 2026)
Pakistan continues to maintain a trade surplus with the US, though it is narrowing as imports of US energy (LNG) and agriculture (Soybeans/Cotton) rise.
Total Goods Trade (2025 Est.): ~$7.3 Billion.
Pakistan Exports to US: ~$5.1 Billion (Slightly declining due to price competition).
US Exports to Pakistan: ~$2.2 Billion (Surging due to soybean and machinery imports).
Trade Surplus: Approximately $2.9 Billion (Down from $3.0B in 2024).
SWOT Analysis: Pakistan-US Trade 2026
Strengths | Weaknesses |
* Largest export destination for Pakistan. * Strong IT service growth (non-tariff). * High quality/low-cost textile manufacturing. | * Heavy reliance on a single sector (Textiles). * High energy costs making exports less competitive. * Political and economic instability. |
Opportunities | Threats |
* Negotiated tariff reductions via the 2026 Deal. * Using US-origin cotton for "Duty-Free" status. * Expanding into US pharmaceutical & minerals markets. | * Potential 200% tariffs on "transshipped" goods. * Competition from India, Vietnam, and Bangladesh. * Possible revival of higher "reciprocal" rates if deal terms fail. |
US Revised Tariffs
Country Tariffs
Balance of Trade
Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals
Tariff Rate for US
World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.
US Imports Guide
United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.
Investing in USA
theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters
Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration
theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

Economic
Relevance
Ranking
State | Info | Overall Rank | Agri | Innov | Mfg | Employ | Tax | Edu | GDP | F500 Rep | Trade Balance | Cost of Living | Disp Income |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Texas | 1 | 4 | 5 | 11 | 10 | 7 | 42 | 2 | 2 | 2 | 24 | 13 | |
North Carolina | 2 | 9 | 21 | 1 | 4 | 12 | 28 | 11 | 16 | 41 | 17 | 17 | |
Virginia | 3 | 32 | 24 | 6 | 2 | 28 | 7 | 13 | 6 | 34 | 35 | 3 | |
Florida | 4 | 21 | 11 | 15 | 1 | 4 | 35 | 4 | 7 | 40 | 30 | 37 | |
Washington | 5 | 16 | 3 | 36 | 28 | 45 | 9 | 9 | 15 | 9 | 43 | 1 | |
Missouri | 6 | 11 | 25 | 22 | 20 | 13 | 32 | 21 | 22 | 20 | 10 | 20 | |
Georgia | 7 | 15 | 26 | 9 | 3 | 26 | 34 | 8 | 9 | 43 | 26 | 19 | |
Minnesota | 8 | 6 | 10 | 47 | 6 | 44 | 8 | 20 | 10 | 33 | 33 | 9 | |
Ohio | 9 | 12 | 32 | 7 | 30 | 35 | 36 | 7 | 5 | 38 | 15 | 11 | |
Illinois | 10 | 5 | 23 | 31 | 23 | 37 | 16 | 5 | 4 | 47 | 32 | 7 |