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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U.S. President Donald Trump announced $270 billion in deals signed between U.S. and Saudi companies at the Washington investment conference.
The Iranian Foreign Ministry has announced plans by Tehran to bring together Afghanistan's neighbouring states including Russia and China in a regional meeting aimed at addressing ongoing tensions with Pakistan.
Ukraine’s President Volodymyr Zelenskyy met Türkiye’s President Recep Tayyip Erdoğan in Ankara on Wednesday, with both leaders voicing support for reviving the Istanbul peace process and strengthening cooperation on defence, diplomacy and prisoner exchanges.
Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
Thousands of users in the United States, some parts of Europe and South America on the X (formerly twitter) platform have reported being unable to access the site due to Cloudflare outage.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
Punjab’s modern political story begins in 1947. The end of British rule divided the region between India and Pakistan, leaving Sikh communities with a split homeland and unresolved questions about cultural and administrative protections.
Turkish Defence Minister Yaşar Güler stated on Monday that it would take at least two months to reach initial conclusions and analyse the black box of a Turkish cargo plane that crashed in Georgia last week, resulting in the deaths of 20 soldiers.
China's Foreign Minister Wang Yi on Tuesday talked up "high-level exchanges" in a call with Japanese counterpart Toshimitsu Motegi, hinting at a potential meeting between Chinese President Xi Jinping and Japan's new premier, Sanae Takaichi.
The Russian Foreign Ministry announced on Wednesday that it has not received any official information from the U.S. regarding the “agreements” on Ukraine reported in the media.
U.S. Army Secretary Daniel Driscoll and Chief of Staff General Randy George met with senior Ukrainian officials in Kyiv on Wednesday (19 November) as part of a fact-finding mission.
UN Secretary-General Antonio Guterres on Wednesday strongly condemned Russia’s missile and drone strikes on Ukraine. Kyiv reported that the attacks killed at least 25 people and injured 73 others.
U.S. President Donald Trump announced $270 billion in deals signed between U.S. and Saudi companies at the Washington investment conference.
The Iranian Foreign Ministry has announced plans by Tehran to bring together Afghanistan's neighbouring states including Russia and China in a regional meeting aimed at addressing ongoing tensions with Pakistan.
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