In a significant step toward strengthening economic ties, Pakistan and the United States have successfully concluded a new trade agreement, Finance Minister Muhammad Aurangzeb announced recently.

The agreement focuses on expanding bilateral trade, improving market access, and encouraging investment in key sectors. According to Aurangzeb, the deal will result in reduced tariffs on Pakistani products exported to the U.S., offering a much-needed boost to Pakistan’s export sector.

“This trade pact is designed to enhance mutual cooperation in sectors of shared interest and increase U.S. investment in Pakistan, particularly in infrastructure and development projects,” the finance minister said.

The agreement is also expected to open new doors for collaboration in areas such as energy, minerals, information technology, and even emerging sectors like cryptocurrency. Aurangzeb emphasized that this initiative reflects both nations’ commitment to deepening economic ties and fostering long-term partnerships.

As part of the deal, both countries will benefit from greater access to each other’s markets, a move seen as mutually beneficial for traders and investors on both sides. The finance minister underlined that the agreement signals the leadership of both countries is fully committed to advancing trade and investment relations.

This milestone was reached following a high-level meeting between Finance Minister Aurangzeb, U.S. Secretary of Commerce Howard Lutnick, and U.S. Trade Representative Jamison Greer. The news was later confirmed by a social media post from former U.S. President Donald Trump on Truth Social, where he praised the deal as a “positive development for both nations.”

The agreement is expected to mark the beginning of a new era in Pakistan-U.S. economic relations, offering enhanced opportunities for growth, innovation, and cooperation in the global market.