In a significant diplomatic achievement, US President Donald Trump confirmed the finalization of a trade agreement between Pakistan and the United States, signaling stronger economic cooperation. The deal includes a partnership to develop Pakistan’s oil reserves, with Trump announcing that an American oil company will lead the venture. This agreement comes at a crucial time, as India faces mounting trade challenges with the US, including high tariffs and scrutiny over its energy ties with Russia.
The breakthrough was achieved during talks between Pakistan’s Finance Minister Muhammad Aurangzeb and top US trade officials, including the Secretary of Commerce and the US Trade Representative. Pakistan’s Ambassador to the US, Rizwan Saeed Sheikh, and Commerce Secretary Jawad Paul were also present. The deal is expected to enhance bilateral trade, reduce tariffs on Pakistani exports, and attract US investment in key sectors such as energy, IT, and infrastructure.
According to Pakistan’s Finance Ministry, the agreement will strengthen cooperation in energy, minerals, information technology, and emerging fields like cryptocurrency. A major highlight is the expected surge in US investment in Pakistan’s oil and gas sector, along with infrastructure projects. The deal also aims to improve market access for Pakistani goods in the US, providing a much-needed boost to the country’s export economy.
This agreement marks a fresh phase in US-Pakistan economic ties, with both nations committing to long-term trade and investment growth. Analysts view this as a strategic move that could position Pakistan as a key regional partner for the US, especially amid shifting global trade dynamics. With reduced tariffs and increased investment opportunities, Pakistan’s economy stands to gain significantly from this landmark deal.