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.
North Korean leader Kim Jong Un praised troops who fought for Russia in Ukraine, calling them "heroic" during a ceremony honoring soldiers of the army...
The U.S. State Department confirmed that all 55 million visa holders are under continuous review, with potential revocations for security or legal vio...
Adidas executives personally visited a small Indigenous town in southern Mexico to apologize for a shoe design criticised as cultural appropriation, p...
Bangladesh and Pakistan have agreed to allow visa-free travel for holders of diplomatic and official passports, marking a major step in restoring rela...
President Volodymyr Zelenskyy said Russia’s massive overnight assault on Ukraine, involving more than 570 drones and 40 missiles, showed Moscow was ...
Adidas executives personally visited a small Indigenous town in southern Mexico to apologize for a shoe design criticised as cultural appropriation, pledging future collaboration to respect local heritage.
Azerbaijan’s SOCAR will invest $7 billion in Türkiye’s petrochemical sector, reinforcing its role as the country’s largest foreign investor.
British American Tobacco is preparing to sell its first disposable vape in the U.S. reversing years of opposition to unauthorised devices amidst a booming $8 billion market for synthetic nicotine products.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
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.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
The U.S. National Guard has been deployed across Washington, D.C. following President Trump’s declaration of a public safety emergency, as federal authorities continue efforts to reduce crime and secure the capital.
North Korean leader Kim Jong Un praised troops who fought for Russia in Ukraine, calling them "heroic" during a ceremony honoring soldiers of the army's overseas operations.
The U.S. State Department confirmed that all 55 million visa holders are under continuous review, with potential revocations for security or legal violations.
Bangladesh and Pakistan have agreed to allow visa-free travel for holders of diplomatic and official passports, marking a major step in restoring relations after decades of restrictions.
President Volodymyr Zelenskyy said Russia’s massive overnight assault on Ukraine, involving more than 570 drones and 40 missiles, showed Moscow was avoiding peace talks and undermining U.S.-led diplomatic efforts.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment