ISLAMABAD:

The United States' import tariffs have caused billions of dollars of capital outflow from India and eroded the price advantage of Pakistani exports, which could dent Islamabad's exports to Washington by 30% and cause thousands of layoffs, says a regional report.

Tariff restrictions can also undermine Indian exports to the US by up to 40%, according to the assessment by two regional bodies.

The Trading beyond Borders report has been released by the Saarc Chamber of Commerce & Industry (SCCI) – the apex regional trade body – and the South Asian Federation of Accountants (SAFA).

The report has recommended regional countries, particularly India and Pakistan, to trade with each other to offset the impact of US tariffs, particularly Islamabad can increase its exports by up to $3 b

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