Islamabad – In a major development, Pakistan and the United States have signed a comprehensive trade agreement, marking the beginning of a new chapter in economic cooperation between the two nations.
The agreement focuses on expanding bilateral trade, improving market access, encouraging investment, and strengthening cooperation in sectors of mutual interest. The announcement was formally made by U.S. President Donald Trump through his post on Truth Social.
According to an official statement by Pakistan’s Ministry of Finance, the deal was finalized during a high-level meeting between Pakistan’s Finance Minister Senator Muhammad Aurangzeb and U.S. Secretary of Commerce Howard Lutnick. Also present were U.S. Trade Representative Jamieson Greer, Pakistan’s Commerce Secretary Jawad Paul, and Pakistani Ambassador to the U.S. Rizwan Saeed Sheikh.
Key Features of the Agreement:
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Reduction in U.S. import duties on Pakistani goods: This will allow greater access for Pakistani exports in American markets.
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Cooperation in energy, minerals, IT, and crypto sectors: New-age industries will benefit from bilateral partnerships and innovation-sharing. This includes plans for joint oil exploration between Pakistan and the U.S. as recently highlighted by President Trump.
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State-level economic ties: The deal opens the door for individual U.S. states to establish direct trade and industrial cooperation with Pakistan.
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Boost in investment opportunities: The U.S. is expected to increase its investment footprint in Pakistan.
This agreement reflects the commitment of both governments to build stronger, long-term trade and investment ties.
Statements from Pakistani Leadership
In a video message, Finance Minister Muhammad Aurangzeb emphasized that the agreement is not limited to trade alone. It also addresses non-tariff barriers, trade imbalances, and paves the way for a broad-based bilateral and strategic economic partnership.
He also highlighted the significant role played by Pakistan’s private sector in preparing the agreement, particularly in efforts to reduce the trade deficit. Private companies provided valuable input, showcasing public-private synergy.
Referencing President Trump’s remarks, the minister expressed optimism, saying the deal will yield mutual benefits in the long run.
Is’haq Dar Welcomes the Deal
Deputy Prime Minister and Foreign Minister Ishaq Dar shared his views on social media, calling the agreement a positive milestone.
“Alhamdulillah, signing a trade deal with the U.S. is a welcome development,” he said, adding that it strengthens Pakistan’s economic sovereignty and its role in global trade.
Looking Ahead
While the U.S. has long been one of Pakistan’s key trading partners, efforts to balance trade and boost foreign investment had gained momentum in recent years. This agreement is expected to open a new chapter in economic relations and could significantly impact South Asia’s trade dynamics in the near future.
