Pakistan is in trouble as the EU-India Free Trade Agreement (FTA) shakes up global trade. While India celebrates, Pakistan's policymakers and exporters are worried. Pakistan relies heavily on the EU's Generalised Scheme of Preferences Plus (GSP+), which offers duty-free access for two-thirds of its exports. This helps key sectors like textiles, leather goods, and agriculture earn up to $9 billion in FY25, with textiles alone bringing $7 billion. However, Pakistan has not fully used the GSP+ advantage since 2014. The government assumed preferential access would last forever, despite EU warnings that GSP+ ends in 2027 and needs stricter compliance. Pakistan’s textile industry faces many hurdles: high energy costs, power cuts, expensive loans, heavy taxes, low worker productivity, and security issues. The new EU-India FTA adds more pressure, threatening Pakistan’s market share. Islamabad’s leaders remain slow to act, offering only words like “export-led growth” and “export emergency” without clear plans. Industry leaders continue to warn of decline, but real change is missing. The EU’s GSP+ is a temporary boost, not a long-term fix. Pakistan must diversify products, find new markets, improve efficiency, and work together across government and industry. Global trade remains uncertain with rising tensions and changing deals, making competition fierce. The "mother of all deals," the EU-India FTA, challenges Pakistan to rethink strategy. To survive and grow, Pakistan needs to address issues like high utility bills, economic diplomacy, climate change effects, and skill development. The future depends on whether Pakistan’s exporters can speed up growth and compete with India and other nations. Failure to do so might mean losing GSP+ benefits after 2027 and a weaker position in global trade. The skies look stormy, and urgent action is needed to protect Pakistan’s export potential.