US EditionPakistan and US reach a trade agreement to develop oil reserves and reduce tariffs
PAKISTAN, JUL 31 – The agreement aims to boost bilateral trade and investment by developing Pakistan's oil reserves and reducing tariffs, with US goods trade reaching $7.3 billion in 2024, officials said.
- On July 31, 2025, U.S. President Donald Trump announced a deal to help Pakistan develop its oil reserves and lower reciprocal tariffs.
- Following Trump’s tariff declaration, Pakistan had been pursuing a trade agreement since May after a ceasefire mediated by Trump.
- In detailing the agreement, officials said the deal will lower reciprocal tariffs on Pakistani exports and spur increased U.S. investment in Pakistan’s infrastructure.
- On Thursday, Pakistan’s Prime Minister Shehbaz Sharif welcomed the deal and thanked Trump for finalizing the agreement aimed at boosting trade and investment.
- Projecting ahead, the July 31st announcements reflect a U.S. trade strategy combining energy cooperation with Pakistan, pressure on India, and tariff flexibility.
116 Articles
116 Articles
Pakistan to get first US oil shipment as Cnergyico seals import deal
KARACHI/SINGAPORE: Pakistan’s largest refiner Cnergyico will import 1 million barrels of oil from Vitol in October, its Vice Chairman Usama Qureshi told Reuters on Friday, marking the country’s first-ever purchase of US crude following a landmark trade deal. The West Texas Intermediate light crude cargo will be loaded from Houston this month and is expected to arrive in
Tharoor reacts with sarcasm as US bets on Pakistan's 'massive oil reserves'
New Delhi: Congress MP Shashi Tharoor took a swipe at the US on Thursday after it announced a deal for working with Pakistan to develop “massive oil reserves” in the South Asian country, saying Washington may have “some illusions” about finding oil in Pakistan and “I wish them luck”. US President Donald Trump has announced sealing a trade deal with Pakistan and said Washington will work with Islamabad to develop what he described as the South As…
Pakistan strikes oil exploration deal with the U.S.
FacebookLikeShareTweetEmail U.S. President Donald Trump said on Wednesday that his administration has struck a new landmark trade deal with Pakistan that includes joint development of the country’s “massive” oil reserves. “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 […]
Coverage Details
Bias Distribution
- 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
