WASHINGTON: The Embassy of Pakistan in USA took to the X on 31st July to inform: “In a landmark development, Pakistan and the United States finalised a trade agreement today aimed at boosting bilateral trade, expanding market access, attracting investment, and fostering cooperation in areas of mutual interest.
“The breakthrough was reached during a meeting of Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, with U.S. Secretary of Commerce Howard Lutnick and United States Trade Representative Ambassador Jamieson Greer in Washington, D.C. today.
“Secretary Commerce Jawad Paul and Pak Ambassador to the United States Ambassador Rizwan Saeed Sheikh were also present during the meeting. President Trump announced the trade deal via a post on Truth Social. The agreement will result in reduction of reciprocal tariff especially on Pakistani exports to the United States.
“This deal marks the beginning of a new era of economic collaboration especially in energy, mines and mineral, IT, cryptocurrency and other sectors. The deal complements Pakistan’s existing efforts of broadening the scope of Pak-U.S. economic ties and to include partnerships at the U.S. states level. The agreement enhances Pakistan’s access to the U.S. market and vice versa.
“Additionally, the deal is expected to spur increased U.S. investment in Pakistan’s infrastructure and development projects. This trade agreement underscores the commitment of both nations to deepen their bilateral relationship and explore all avenues for strengthening trade and investment ties.“
Meanwhile, US President Donald Trump took to the Social Media to inform: “We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the Unied States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!”
Newspakistan.tv
