Pakistan says deal concluded with US on tariffs; Trump cites oil reserves agreement
Pakistan and the US finalised a trade deal on Wednesday night, expected to lower tariffs — although no figure was announced — while US President Donald Trump cited a pact aimed at helping develop Pakistan’s oil reserves . Finance Minister Muhammad Aurangzeb is currently in Washington for negotiations on a tariff deal and also began meetings with senior US officials on Wednesday. “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 Pakistani embassy in the US posted on X on Thursday morning. Trump announced the deal on his platform Truth Social early Thursday morning. “We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States will work together on developing their massive oil reserves,” Trump wrote. “We are in the process of choosing the ...