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.
On Wednesday, NATO Secretary General Mark Rutte expressed full confidence in U.S. President Donald Trump and defended his initiatives ahead of a plann...
According to the UN, the majority of methane leaks identified by satellites — around 90% — are still not officially acknowledged by governments or...
A bill extending Israeli law to the occupied West Bank, a move widely seen as tantamount to annexation of territory sought by Palestinians for a futur...
Tehran and Baghdad pledged to boost their security cooperation across all areas especially ratifying a security treaty signed by both countries in Mar...
United Nations Secretary-General António Guterres warned on Wednesday that the global trading system is under severe strain from escalating tariffs, ...
On Wednesday, NATO Secretary General Mark Rutte expressed full confidence in U.S. President Donald Trump and defended his initiatives ahead of a planned meeting with the Russian leader.
According to the UN, the majority of methane leaks identified by satellites — around 90% — are still not officially acknowledged by governments or oil and gas companies.
A bill extending Israeli law to the occupied West Bank, a move widely seen as tantamount to annexation of territory sought by Palestinians for a future state received preliminary approval from Israel’s parliament on Wednesday.
Tehran and Baghdad pledged to boost their security cooperation across all areas especially ratifying a security treaty signed by both countries in March 2023 and reinforcing border security.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
The International Court of Justice (ICJ) on Wednesday ruled that Israel is obliged under the Geneva Convention to permit and facilitate humanitarian aid from third states and neutral organisations,
On Wednesday, Russia reported that its military had carried out large-scale strikes on Ukraine’s energy facilities, while Ukraine said its forces had targeted a Russian chemical plant.
On Wednesday, NATO Secretary General Mark Rutte expressed full confidence in U.S. President Donald Trump and defended his initiatives ahead of a planned meeting with the Russian leader.
According to the UN, the majority of methane leaks identified by satellites — around 90% — are still not officially acknowledged by governments or oil and gas companies.
A bill extending Israeli law to the occupied West Bank, a move widely seen as tantamount to annexation of territory sought by Palestinians for a future state received preliminary approval from Israel’s parliament on Wednesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment