Pakistan, US Continue Discussions for Investment, Trade Deals
Pakistan and US officials are currently in discussions to finalize finer details of their trade deal that includes investments after securing the lowest tariff among major South Asian nations, according to Pakistan’s state finance minister.
Prime Minister Shehbaz Sharif’s government aims to secure a better tariff on certain exports during the ongoing talks with the US, Bilal Azhar Kayani said in an interview with Bloomberg TV.
The South Asian nation reached a trade deal last month with a 19% tariff as the two nations have seen an improvement in relations recently. Trump hosted Pakistan’s army chief Asim Munir for rare talks at the White House who is on a second trip to the US within a few months.
President Donald Trump while announcing the trade deal said the US will work with Pakistan on developing “their massive oil reserves” and its in the process of choosing an oil company to lead the partnership.
