U.S.-Pakistan Trade Deal: A New Era of Economic Collaboration

The United States and Pakistan have announced a new trade pact, promising significant economic benefits for both parties. The deal includes lower tariffs on Pakistani exports and a collaborative effort to develop Pakistan's substantial oil reserves, according to statements from U.S. President Donald Trump and Pakistani Foreign Minister Ishaq Dar.

While specific details regarding the tariff reductions remain undisclosed, Pakistan's finance ministry highlighted the agreement as the dawn of enhanced economic cooperation, particularly in sectors such as energy, mining, and technology. This development comes after extensive negotiations between the two nations, navigating previous tariff threats imposed by Washington.

The trade pact is seen as part of a broader U.S. strategy to strengthen ties with key Asian countries and counter China's influence in the region. As a designated 'major non-NATO ally,' Pakistan's strategic partnership with the U.S. highlights mutual interests in regional stability, especially amid recent tensions involving India.

(With inputs from agencies.)