Staff Report
ISLAMABAD: In a major breakthrough, Pakistan and the United States on Monday finalized a landmark trade agreement aimed at deepening bilateral economic cooperation, enhancing market access, and attracting greater U.S. investment into Pakistan.
The agreement was reached during a high-level meeting between Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, and U.S. Secretary of Commerce Howard Lutnick, along with United States Trade Representative Ambassador Jamieson Greer, held in Washington, D.C. Secretary Commerce Jawad Paul and Pakistan’s Ambassador to the U.S., Rizwan Saeed Sheikh, also attended the meeting.
Announcing the deal on Truth Social, former U.S. President Donald Trump hailed the agreement as a milestone in U.S.-Pakistan trade relations.
As part of the accord, reciprocal tariff reductions will be implemented, particularly benefiting Pakistani exports to the U.S. The agreement opens doors for broader collaboration across critical sectors such as energy, information technology, cryptocurrency, mining, and minerals.
Officials stated that the deal not only complements Pakistan’s ongoing efforts to diversify its trade portfolio but also paves the way for U.S. state-level partnerships with Pakistan.
In addition to improving market access, the trade pact is expected to catalyze U.S. investment in Pakistan’s infrastructure and development projects—signaling renewed momentum in the two nations’ economic relationship.
This landmark development underscores the shared commitment of both countries to build a robust and mutually beneficial economic partnership.
