In a significant development, Pakistan has finalized a landmark trade agreement with the United States. Although details have not been revealed, thr movoe signals growing trust and burgeoning economic ties between the two nations.

The announcement, made by US President Donald Trump via social media, comes as India faces increasing pressure to finalize its own trade deal with Washington, while navigating hefty tariffs and potential penalties related to its energy ties with Russia.

President Trump’s social media post confirmed the agreement, stating, “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. We are in the process of choosing the Oil Company that will lead this Partnership.”

The deal, finalized during a meeting between Pakistan’s Finance Minister Muhammad Aurangzeb and the US Secretary of Commerce and Trade Representative, also involved Pakistan’s Ambassador to the US, Rizwan Saeed Sheikh, and Commerce Secretary Jawad Paul.

The Ministry of Finance released a statement emphasizing the agreement’s aim to boost bilateral trade, improve market access, attract investment, and strengthen cooperation in key sectors.

The agreement promises reduced tariffs on Pakistani exports to the US, marking a fresh chapter in economic cooperation between the two countries.

Focus areas include energy, minerals, information technology, and cryptocurrency.

The Pakistani government anticipates the deal will significantly expand trade ties with the US, improve market access, and attract substantial US investment in Pakistani infrastructure and development projects.