El Sidd
Elite Member
illegal hydropower projects in Kashmir.
Trump Announces Major Pakistan Trade Deal, Vows Joint Oil Development/Exploration
- Thread starter arjunk
- Start date
illegal hydropower projects in Kashmir.
Vikramaditya1
Trusted Member
You discover oil every Friday. It has become a meme. Nothing materialised just false bravado to keep the awam occupied.
Indian economy is growing at 6.5%. Our export is hitting a trillion in 2-3 years. It's already $800 billion. Stay 100 feet away lol! Measily $35 billion bailout economy
Yasser76
Elite Member
I know dude, I know, we must have done a good job fooling Trump and US establishment right?
Good luck with economy saar, enjoy tariffs and US Anti-Rusha penalties
Vikramaditya1
Trusted Member
Oh that. True, who's gonna stop us anyway
Vikramaditya1
Trusted Member
Yeah yeah. Keep hoping and praying until the next IMF bheek
Yasser76
Elite Member
More details on the deal, no mention of what tariff rate we will be paying yet though
Web Desk
|
July 31, 2025
A collage of pictures of Prime Minister Shehbaz Sharif (left) and US President Donald Trump. — X@PakPMO/Reuters/File
Hours after Pakistan and the United States reached a trade agreement on tariffs and oil reserves, Prime Minister Shehbaz Sharif thanked US President Donald Trump for his leadership in finalising a "historic" deal between the two countries.
The deal was concluded in Washington late last night after intensive talks between officials from both sides.
"We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves," Trump wrote on social media.
Taking to X, the prime minister termed the agreement “historic” and said it would help deepen economic ties and strengthen the broader partnership between the two countries.
"This landmark deal will enhance our growing cooperation to expand the frontiers of our enduring partnership in days to come," he said.
In an exclusive interview with Geo News, Kayani said the agreement was the outcome of sustained diplomatic engagement in recent weeks. “This deal reflects the strength of our diplomacy,” he said, adding that his government worked consistently to strengthen diplomatic outreach.
He confirmed that the agreement includes tariff reductions on Pakistani exports to the US — a move expected to give a significant boost to the country’s trade.
“This is a welcome development for our economy,” Kayani added.
Speaking after talks with US Commerce Secretary Howard Lutting and Trade Representative Jameson Greer, Aurangzeb described the meeting as constructive and said the two sides finalised the trade agreement during the discussion.
“This deal reflects a broader economic and strategic partnership that’s now taking shape,” he said.
The minister thanked all those involved in the negotiations, saying the private sector had played a vital role and would continue to be supported, especially in helping to reduce the trade imbalance.
US total goods trade with Pakistan was an estimated $7.3 billion in 2024, according to the website of the Office of the US Trade Representative, up from around $6.9 billion in 2023. The US goods trade deficit with Pakistan was $3 billion in 2024, a 5.2% increase over 2023.
According to the statement released by the Ministry of Finance, the breakthrough came during Finance Minister Muhammad Aurangzeb's meeting with the US Secretary of Commerce and Trade Representative. Pakistan’s Ambassador to the US, Rizwan Saeed Sheikh, and Commerce Secretary Jawad Paul were also present.
"The purpose of the deal is to boost bilateral trade, improve market access, attract investment, and strengthen cooperation in areas of mutual interest," the official statement said.
"Under the agreement, there will be a reduction in tariffs, particularly on Pakistani exports to the US, and a fresh start in economic cooperation between the two countries.
"The two sides will focus on energy, minerals, information technology, cryptocurrency, and other key areas, the statement added.
It added that the agreement would help grow Pakistan’s trade ties with the US and improve access to each other’s markets. "It is also expected to draw more US investment into Pakistan’s infrastructure and development projects."
www.geo.tv
‘Diplomatic triumph': Pakistan hails historic trade pact with US
PM Shehbaz thanks President Trump for his leadership in finalising "historic" deal between the two countries
ByWeb Desk
|
July 31, 2025
- PM says deal to boost economic cooperation between two countries.
- "This landmark deal will enhance our growing cooperation."
- Trump says US, Pakistan to develop oil reserves.
Hours after Pakistan and the United States reached a trade agreement on tariffs and oil reserves, Prime Minister Shehbaz Sharif thanked US President Donald Trump for his leadership in finalising a "historic" deal between the two countries.
The deal was concluded in Washington late last night after intensive talks between officials from both sides.
"We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves," Trump wrote on social media.
Taking to X, the prime minister termed the agreement “historic” and said it would help deepen economic ties and strengthen the broader partnership between the two countries.
"This landmark deal will enhance our growing cooperation to expand the frontiers of our enduring partnership in days to come," he said.
‘Major diplomatic success’
Minister of State for Finance Bilal Azhar Kayani has described Pakistan’s newly concluded trade deal with the United States as a major diplomatic success and a positive step for the country's economy.In an exclusive interview with Geo News, Kayani said the agreement was the outcome of sustained diplomatic engagement in recent weeks. “This deal reflects the strength of our diplomacy,” he said, adding that his government worked consistently to strengthen diplomatic outreach.
He confirmed that the agreement includes tariff reductions on Pakistani exports to the US — a move expected to give a significant boost to the country’s trade.
“This is a welcome development for our economy,” Kayani added.
'Broader partnership taking shape'
Finance Minister Senator Muhammad Aurangzeb told Geo News that Pakistan and the United States had agreed to move trade and investment hand in hand, following a key meeting in Washington.Speaking after talks with US Commerce Secretary Howard Lutting and Trade Representative Jameson Greer, Aurangzeb described the meeting as constructive and said the two sides finalised the trade agreement during the discussion.
“This deal reflects a broader economic and strategic partnership that’s now taking shape,” he said.
The minister thanked all those involved in the negotiations, saying the private sector had played a vital role and would continue to be supported, especially in helping to reduce the trade imbalance.
US total goods trade with Pakistan was an estimated $7.3 billion in 2024, according to the website of the Office of the US Trade Representative, up from around $6.9 billion in 2023. The US goods trade deficit with Pakistan was $3 billion in 2024, a 5.2% increase over 2023.
Dar says it's a done deal
Meanwhile, DPM Dar broke the news in a late-night post on X, declaring: "Pakistan concludes deal with USA, AlhamdoLilah." His announcement capped off what officials are calling a breakthrough moment in Pakistan’s economic diplomacy.According to the statement released by the Ministry of Finance, the breakthrough came during Finance Minister Muhammad Aurangzeb's meeting with the US Secretary of Commerce and Trade Representative. Pakistan’s Ambassador to the US, Rizwan Saeed Sheikh, and Commerce Secretary Jawad Paul were also present.
"The purpose of the deal is to boost bilateral trade, improve market access, attract investment, and strengthen cooperation in areas of mutual interest," the official statement said.
"Under the agreement, there will be a reduction in tariffs, particularly on Pakistani exports to the US, and a fresh start in economic cooperation between the two countries.
"The two sides will focus on energy, minerals, information technology, cryptocurrency, and other key areas, the statement added.
It added that the agreement would help grow Pakistan’s trade ties with the US and improve access to each other’s markets. "It is also expected to draw more US investment into Pakistan’s infrastructure and development projects."
‘Diplomatic triumph': Pakistan hails historic trade pact with US
PM says deal to boost economic cooperation between two countries.This landmark deal will enhance our growing cooperation.Trump says US, Pakistan to develop oil reserves.Hours after Pakistan and the United States reached a trade...
www.geo.tv
Assault Rifle
Registered Member
Pakistan has no large oil reserves. All search in the past proved futile.
Yasser76
Elite Member
OK, will do, enjoy rest of your day.
Raj-Hindustani
Elite Member
no patience to read all---
So can anyone please confirm—is it 29% traffic on Pakistani exports or 0% now?
too much suspense traffic on export by Pakistan... only talks about Oil
So can anyone please confirm—is it 29% traffic on Pakistani exports or 0% now?
too much suspense traffic on export by Pakistan... only talks about Oil
El Sidd
Elite Member
Time favors none.
StormBreaker
Trusted Member
F-16 upgrades to karwaday trump bhayya ji.
lightning f57
Trusted Member
Pak is not a poor country, its a poorly run country. There are huge natural resources in the country which are untapped, regardless of what trumpy says, Pak needs visionary leadership which can plan out its growth using all resources at hand. Using the US for this is helpful given recently many energy companies closed shop and left.
Yasser76
Elite Member
Easy, I know you are excited, calm down, relax. Have a cup of tea or something....
Raj-Hindustani
Elite Member
I just asked a simple question—since no details were given.
Trump is on a mission under a trade deal—asking to accept a few of their demands, whether they're related to economy or geopolitics.
Likewise, with Canada—he is not happy due to Canada saying it will recognize the Palestinian state.
Yasser76
Elite Member
They will come, governements move slowly at times, quick at other times
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