Pakistan meets some IMF goals as US and EU tariff cuts affect its cotton sector

Pakistan has met three out of five economic goals set by the International Monetary Fund. At the same time, the United States and European Union have cut tariffs on goods from India, which has hurt Pakistan's cotton industry.

The IMF has also warned that uncertainty over tariffs could harm the strong United States economy. The US recently lowered its tariffs on India from 50% to 18% as part of a trade deal, giving India a better rate than Pakistan, Vietnam, and Bangladesh.