Save Our Pak
Washington: Pakistan and the Trump administration in the United States have agreed to finalize a new trade deal, as Reported By Save Our Pak News Channel On Thursday.
According to details, a Pakistani delegation led by Commerce Secretary Jawad Paul is currently holding talks with officials from the Trump administration. Diplomatic sources say the U.S. has shown interest in investing between $500 million to $1 billion in Pakistan’s mineral sector.
It is important to mention that trade talks between Pakistan and the U.S. officially began today in Washington, D.C. The Pakistani delegation, headed by Jawad Paul, will meet U.S. Trade Representative Jameson Greer and other important American officials.
Sources also say that both Pakistani and American delegations will work out the full details of this new trade deal. These talks are part of a bigger effort to reshape economic ties between the two countries.
The Trump administration currently has a 29% tariff on Pakistani goods. At present, trade between Pakistan and the U.S. is more than $3 billion. Officials say Pakistan will officially invite the U.S. to invest in its mineral industry.
The Trump administration has already shown interest in investing in the Reko Diq project, which is rich in copper and gold. The U.S. Export-Import Bank is also finalizing a plan to invest $1 billion in this project.
Diplomatic sources further shared that Pakistan will present new ideas to increase trade with the U.S. This new trade agreement could become a strong foundation for a better relationship. Pakistan also wants to expand its textile industry in the American market.
At the same time, Pakistan is inviting American investors to explore opportunities in different industries, including the technology sector, where the Trump administration has also shown strong interest.
