The U.S. and Pakistan have reached an agreement that includes reduced tariffs for Pakistan and a partnership in which the U.S. will assist in developing the country’s oil reserves, officials from both sides announced.
"We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves," U.S. President Donald Trump wrote on social media on Wednesday.
Pakistani Foreign Minister Ishaq Dar likewise confirmed the agreement on social media but offered no further details.
However, Pakistan's finance ministry said on Thursday that the trade deal "will result in reduction of reciprocal tariffs especially on Pakistani exports to the United States," without specifying the exact tariff changes.
"This deal marks the beginning of a new era of economic collaboration especially in energy, mines and minerals, IT, cryptocurrency and other sectors," it said.
The agreement comes as Pakistan avoided a 29% tariff under earlier U.S. threats, which were paused to allow negotiations.
Talks gained momentum after recent meetings between Foreign Minister Ishaq Dar and Secretary of State Marco Rubio.
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Kyrgyzstan's Jogorku Kenesh has passed a draft law in all three readings to rename the city of Jalal-Abad to Manas. The initiative originated from local residents and received unanimous support from the city council.
US. Defence Secretary Pete Hegseth and other senior U.S. officials held rare direct virtual talks with their Chinese counterparts notably Defence Minister Dong Jun amid growing tensions.
Belarus released 52 prisoners of various nationalities on Thursday following a request from U.S. President Donald Trump, with the detainees heading to Lithuania alongside the U.S. delegation that negotiated their release, the U.S. embassy in Vilnius confirmed.
Afghanistan and Kazakhstan have signed a new trade agreement worth $2 million, further expanding economic ties between the two countries.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Kyrgyzstan's Jogorku Kenesh has passed a draft law in all three readings to rename the city of Jalal-Abad to Manas. The initiative originated from local residents and received unanimous support from the city council.
US. Defence Secretary Pete Hegseth and other senior U.S. officials held rare direct virtual talks with their Chinese counterparts notably Defence Minister Dong Jun amid growing tensions.
Belarus released 52 prisoners of various nationalities on Thursday following a request from U.S. President Donald Trump, with the detainees heading to Lithuania alongside the U.S. delegation that negotiated their release, the U.S. embassy in Vilnius confirmed.
World oil supply is expected to grow more rapidly this year, with a surplus potentially expanding in 2026 as OPEC+ members increase output and production from non-OPEC countries rises, according to the International Energy Agency (IEA). This contrasts with OPEC's revised outlook.
Belarusian President Alexander Lukashenko recently held a five-hour meeting with John Cole, a representative of U.S. President Donald Trump, in Minsk.
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