Pakistan hails ‘landmark’ trade deal with US

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Prime Minister Shahbaz Sharif has thanked US President Donald Trump for his leadership in finalizing the “historic” agreement between Islamabad and Washington.

In a post on X, the Prime Minister termed the agreement “historic” and said it would help deepen economic relations and strengthen a wider partnership between the two countries.

“This important agreement will increase our growing cooperation to enhance our sustainable partnership fronts in the coming days,” he said.

The deal ended last night after a deep conversation between the two sides officials in Washington.

“We have just signed an agreement with the country of Pakistan, under which Pakistan and the United States will work together to produce large oil reserves,” Trump wrote on social media.

‘Great diplomatic success’

Minister of State for Finance Bilal Azhar Kayani has termed Pakistan’s new closing trade agreement with the United States a major diplomatic success and a positive step for the country’s economy.

In an exclusive interview with Geo News, Kayani said the deal was the result of a permanent diplomatic engagement in recent weeks. “This agreement reflects the power of our diplomacy,” he said, adding that his government worked permanently to strengthen diplomatic access.

He confirmed that the deal included a reduction in tariffs on Pakistani exports to the United States. The move is expected to promote the country’s trade an important.

Kayani added, “This is a welcome development for our economy.

‘The form of a wider partnership’

Finance Minister Senator Mohammad Aurangzeb told Geo News that Pakistan and the United States have agreed to advance trade and investment after a key meeting in Washington.

After talks with US trade secretary Howard looting and commercial representative Jameson Greer, Aurangzeb termed the meeting constructive, saying the two sides had finalized the trade agreement during the debate.

“This agreement reflects a wider economic and strategic partnership that is now shaping,” he said.

The Minister thanked all the people in the talks and said that the private sector has played an important role and will continue to support them in particular to reduce the trade imbalance.

According to the US Trade Representative’s Office website, according to the US Trade Representative’s Office website in 2023, the US overall goods trade trade in 2024 was estimated at $ 7.3 billion.

Dar says it’s a contract

Meanwhile, DPM Dar broke the news in a post over the X on the X, and announced: “Pakistan signed an agreement with the United States, Alhamdola.” His announcement stopped the official in Pakistan’s economic diplomacy to call an important moment.

Released by the Ministry of Finance, the development came during a meeting with Finance Minister Mohammad Aurangzeb’s US Secretary of Commerce and Trade Representative. Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh, and Commerce Secretary Jawad Pal were also present.

“The purpose of this agreement is to promote bilateral trade, improve market access, attract investment, and strengthen cooperation in the fields of mutual interest,” the official said.

“Under the agreement, revenue will be reduced, especially on Pakistani exports to the United States, and a new start in economic cooperation between the two countries.

“Both sides will focus on energy, minerals, information technology, cryptocurrency and other important sectors,” the statement added.

It added that the deal would help Pakistan grow trade relations with the United States and improve access to each other’s markets. “It is expected that US investment will be made in Pakistan’s infrastructure and development projects.”