Save Our Pak
Islamabad (7 August 2025): The important details of a major trade agreement between Pakistan and the United States have now been revealed.
The Ministry of Commerce presented the details in the National Assembly, stating that the United States has shown interest in investing in Pakistan’s minerals sector.
According to the Ministry, the US has imposed a 50% tax on the import of copper, iron, steel, and aluminum. However, refined copper has been excluded from this 50% tax.
They added that exporting refined copper to the US will be profitable for Pakistan. It will help introduce Islamabad as a reliable mineral supplier in the global market.
The Government of Pakistan’s working group and steering committee have spoken with Washington. Under the leadership of Finance Minister Muhammad Aurangzeb, the steering committee has created a three-point strategy. This plan is made to reduce the negative impact on Pakistan’s exports. To reduce the trade gap with the US, Pakistan will increase its imports.
They also mentioned that both governments will discuss taxes on different products. Pakistani goods with lower taxes will get better access to American markets.
Non-tariff barriers will be reviewed and either removed or relaxed. A new framework has been agreed upon between Pakistan and the United States. The US has reduced taxes on Pakistani exports from 29% to 19%.
Reported by Save Our Pak
