Pakistan Strikes U.S. Oil Pact as Trump Jabs at India ...Middle East

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The United States and Pakistan have finalized a trade and energy pact that could reshape both nations’ approach to energy cooperation and strategic alignment. Announced on Wednesday by President Donald Trump, the agreement includes U.S. participation in developing Pakistan’s oil reserves and a substantial reduction in tariffs on Pakistani exports to the U.S. The new deal lowers the U.S. tariff rate on Pakistani goods from 29% to 19%, offering critical relief to one of the world’s largest textile exporters. According to the Pakistan…

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Last updated : 06 August 2025 clock 03:14 AM

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