As of today, July 31, 2025, Pakistan and the United States have officially concluded a landmark trade deal.
Key points of the agreement include:
* Tariff Reductions: The deal is expected to result in a reduction of reciprocal tariffs, particularly on Pakistani exports to the United States. While specific tariff levels haven't been fully detailed, Pakistan's finance ministry confirmed this aspect.
* Oil Reserves Development: A significant part of the agreement involves the US and Pakistan working together to develop Pakistan's "massive oil reserves." US President Donald Trump announced this initiative, indicating that an American oil company will be chosen to lead this partnership. There's even a suggestion that Pakistan could potentially sell oil to India in the future.
* Broadened Economic Cooperation: Both countries view this deal as the beginning of a new era of economic collaboration, extending beyond traditional trade into areas such as energy, mines and minerals, IT, and cryptocurrency.
* Increased Investment: The agreement is anticipated to spur increased US investment in Pakistan's infrastructure and development projects.
* Market Access: The deal aims to boost bilateral trade and expand market access for both nations.
This agreement comes after weeks of negotiations, and Pakistan's Finance Minister Muhammad Aurangzeb has termed it a "win-win" situation for both countries. It also follows the US imposing 25% tariffs on goods from India, highlighting a shift in regional trade Dynamics
#PakistanAmerica Traid Deal Complete 🇵🇰🇺🇸