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Pakistan Touts Market Reentry as EU Says GSP+ Is Not Assured

EU officials link tariff perks to proof of human-rights compliance.

Overview

  • Pakistan’s finance minister met EU Ambassador Raimundas Karoblis in Islamabad on Tuesday, saying the economy is stabilizing and investor interest is returning.
  • He accepted an invitation to deliver the keynote at the EUPakistan Business Forum on April 28 in Islamabad to pitch reforms and new investment.
  • Aurangzeb said Pakistan re-entered global markets through a private Eurobond sale after four years, which drew strong demand and was upsized.
  • Business Recorder reported EU officials warned that Pakistan’s GSP+ trade status is not automatic beyond next year and hinges on measurable rights progress.
  • GSP+, the EU’s tariff-break program for exporters that meet UN treaty standards, is crucial for sectors like textiles, where losing it could mean higher prices in Europe, fewer orders, and factory job losses.