Historic US-Pakistan Trade Deal: A New Era of Economic Collaboration
Pakistan and the US have forged a historic trade agreement under Prime Minister Shehbaz Sharif and President Donald Trump. This deal focuses on developing Pakistan's oil reserves, reducing tariffs, and expanding trade and investment ties, promising a new era of economic collaboration between the two countries.
- Country:
- Pakistan
In a significant development, Pakistan's Prime Minister Shehbaz Sharif extended gratitude to US President Donald Trump for a historic trade agreement reached between Islamabad and Washington. The accord, announced on Wednesday by Trump, promises expanded cooperation between the two nations.
This landmark deal focuses on the development of Pakistan's reportedly vast oil reserves, a venture that could alter the energy landscape of the South Asian nation, which currently depends on Middle Eastern imports. Prime Minister Sharif lauded Trump's leadership in finalizing this historic agreement.
The trade initiative aims to boost bilateral commerce, enhance market access, attract investments, and address mutual interests across various sectors, including energy and technology. This agreement is expected to lower tariffs on Pakistani exports and increase US investment in Pakistan's infrastructure projects.
(With inputs from agencies.)
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