IMF Managing Director Christine Lagarde on Thursday confirmed that Pakistan has formally approached the funding organisation seeking financial assistance to address its economic challenges.
The domestic currency opened on a positive note at 19 paise higher than its previous close of 70.80 per dollar, perhaps led by the strong GDP data, but began losing steam.
NABE Vice President Kevin Swift said more than 90 percent of the 251 economists surveyed said the tariffs and threats of tariffs had "unfavorable consequential impacts."
She said poor countries and poor people in rich countries have benefited from the surge in global trade over the past decade, but acknowledged that some regions and industries have suffered.
Trump has declared that the U.S. will impose punishing tariffs on steel and aluminum imports, escalating tensions with China and other trading partners.