{"id":15294,"date":"2025-07-31T13:58:48","date_gmt":"2025-07-31T08:58:48","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=15294"},"modified":"2025-07-31T13:58:48","modified_gmt":"2025-07-31T08:58:48","slug":"pakistan-us-sign-landmark-deal-to-launch-new-era-of-trade-energy-and-investment-collaboration","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=15294","title":{"rendered":"Pakistan, US Sign Landmark Deal to Launch New Era of Trade, Energy, and Investment Collaboration"},"content":{"rendered":"
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A significant trade agreement was finalized between Pakistan and the United States on Thursday, with U.S. President Donald Trump announcing that a large-scale oil extraction project is also part of the deal.<\/strong><\/p>\n

According to a statement issued by Pakistan’s Ministry of Finance, the historic agreement between the two countries has been successfully concluded. President Trump shared on his social media platform, Truth Social, that both nations will work together on discovering and extracting large oil reserves.<\/p>\n

Negotiations for the trade agreement had been ongoing for the past several months. Pakistan\u2019s Finance Minister Muhammad Aurangzeb arrived in Washington this week to conduct the final round of talks.<\/p>\n

To finalize the deal, officials from both sides engaged in direct negotiations as well as multiple rounds of virtual meetings.<\/p>\n

Confirming the agreement, Pakistan\u2019s Ministry of Finance stated that it marks the beginning of a new chapter in economic cooperation. The statement read, “In a major development, Pakistan and the United States have finalized a trade agreement aimed at enhancing bilateral trade, expanding market access, attracting investment, and promoting cooperation in areas of mutual interest.”<\/p>\n

However, neither side disclosed the specific tariff rates that would apply to imported goods under the deal.
\n\"\u067e\u0627\u06a9\u0633\u062a\u0627\u0646In his message, President Trump referred to trade deals with other countries and noted that the agreement with Pakistan had just been completed. He wrote, \u201cWe have just finalized a deal with Pakistan.\u201d<\/p>\n

President Trump added, \u201cPakistan and the U.S. will work together to expand large oil reserves. We are now looking for a company to lead this partnership.\u201d<\/p>\n

In a humorous tone, he mentioned India, saying, \u201cWho knows, maybe one day they (Pakistan) will end up selling oil to India.\u201d<\/p>\n

Earlier, on Wednesday, July 30, President Trump announced a 25% import tariff on goods from India starting August 1 and also declared penalties for India\u2019s continued oil imports from Russia.<\/p>\n

In his Truth Social post, Trump stated, \u201cIndia is our friend, but they impose the highest tariffs on U.S. products in the world.\u201d<\/p>\n

Pakistan\u2019s Finance Minister Muhammad Aurangzeb described the trade deal with the U.S. as a “win-win” for both nations and termed it a major strategic success in a video message.<\/p>\n

Although the Ministry of Finance did not elaborate much on the oil project in its official statement, it reiterated that the agreement aims to boost bilateral trade, enhance market access, attract investment, and promote cooperation in various sectors.<\/p>\n

According to the Ministry, the agreement was finalized in Washington, D.C. during a meeting between Finance Minister Senator Muhammad Aurangzeb, U.S. Secretary of Commerce Howard Litnick, and U.S. Trade Representative Jamie Son Greer.<\/p>\n

The statement added that the agreement opens a new chapter in economic collaboration, particularly in sectors such as mines and minerals, IT, cryptocurrency, and especially energy.<\/p>\n

Prime Minister Shehbaz Sharif thanked President Donald Trump for his leadership in a statement on X (formerly Twitter). He said, \u201cI thank President Trump for his leadership regarding the U.S.-Pakistan trade agreement finalized last night in Washington.\u201d<\/p>\n

He added, \u201cThis important agreement will strengthen our growing ties and help us expand the boundaries of our partnership in the coming days.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

A significant trade agreement was finalized between Pakistan and the United States on Thursday, with U.S. President Donald Trump announcing that a large-scale oil extraction project is also part of the deal. According to a statement issued by Pakistan’s Ministry of Finance, the historic agreement between the two countries has been successfully concluded. President Trump […]<\/p>\n","protected":false},"author":2,"featured_media":15295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[47,46,36],"tags":[2116,2172,7779,62,7778,2493],"class_list":["post-15294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important-news","category-latest","category-pakistan","tag-donald-trump","tag-muhammad-aurangzeb","tag-oil-reserves","tag-pakistan","tag-trade-agreement","tag-united-states"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/15294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15294"}],"version-history":[{"count":1,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/15294\/revisions"}],"predecessor-version":[{"id":15296,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/15294\/revisions\/15296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/15295"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}