US EditionPakistan to offer US firms concessions on mining investment in tariff talks, says minister
- Pakistan is at risk of a 29% tariff on goods shipped to the U.S. Because of its $3 billion trade surplus, although these tariffs have been delayed for 90 days to facilitate negotiation talks.
- The tariffs announced last month by Washington followed longstanding trade imbalances, and Pakistan aims to use the suspension period to negotiate concessions.
- Pakistan plans to offer U.S. Companies concessions for mining investments in Balochistan through joint ventures and lease grants, while seeking to boost imports of cotton and edible oils.
- Commerce Minister Jam Kamal said Pakistan will gradually lower tariffs, highlighted the untapped potential for U.S. Firms in sectors like mining machinery, and noted talks would occur in the coming weeks.
- These steps reflect Islamabad's effort to engage the Trump administration’s interest in South Asia trade, with Pakistan now recognized as a serious trade partner amid broader regional ceasefire efforts.
8 Articles
8 Articles
Pakistan to offer US firms concessions on mining investment in tariff talks, says minister
Pakistan plans to offer concessions to U.S. companies to invest in its mining sector as part of negotiations with Washington over tariffs, its commerce minister told Reuters, as Islamabad seeks to capitalize on the Trump administration’s interest in boosting trade with South Asia.
Pakistan to offer mining concessions to US firms in Tariff talks: says minister
ISLAMABAD: Pakistan will grant American firms special concessions for making investments in the country’s mining industry as part of ongoing negotiations with the US over tariffs, Commerce Minister Jam Kamal said. The negotiations are taking place amid Pakistan’s efforts to offset the effects of potential US tariffs and increase trade with Washington. The US previously threatened a possible 29% tariff on Pakistani imports because of a $3 billion…
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