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Dar, Rubio Discuss Bilateral Ties, Regional Issues

PAKISTAN, AUG 4 – Pakistan and the US finalized a trade deal reducing tariffs and agreed to joint oil exploration as part of efforts to boost economic ties and regional stability, officials said.

  • On Monday , US Secretary of State Marco Rubio spoke with Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, and both agreed to continue cooperation on mutual interests.
  • Ties between Islamabad and Washington have improved in recent months, with Dar and Rubio meeting last month at the State Department and sealing a trade deal and oil exploration plans.
  • Official data show Pakistan’s exports to the US reached $5.44 billion in fiscal year 2023-2024, US trade was $7.3 billion in 2024, and the deficit was $3 billion, a 5.2% increase.
  • Discussing the trade agreement, Ishaq Dar and Rubio noted the deal and oil partnership signal renewed economic cooperation during Monday's call.
  • The partnership, days after a trade agreement, involves Donald Trump revealing a Pakistan oil reserves development deal, signaling deeper economic ties.
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Business Recorder broke the news in on Monday, August 4, 2025.
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