Pakistan 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.
118 Articles
118 Articles
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…
Daily Memo: US Reaches Last-Minute Trade Deals - Geopolitical Futures
Pakistan. Washington announced a flurry of trade deals with countries facing severe spikes in tariffs if they did not reach a compromise by the Aug. 1 deadline. The United States and Pakistan announced a trade and resource deal, though the details are still murky. President Donald Trump said the agreement involves joint development of Pakistan’s […] The post Daily Memo: US Reaches Last-Minute Trade Deals appeared first on Geopolitical Futures.
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 […]
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