The Pakistani Ministry of Finance announced that a trade agreement has been reached with the United States and that the tariffs will be reduced.

According to a statement released by Pakistan's Ministry of Finance, the agreement aims to promote bilateral trade, expand market access, and attract investments. Pakistan's Finance Minister Muhammad Aurangzeb made a breakthrough in a meeting with US Commerce Secretary Lute Nick. Under the agreement, reciprocal tariffs will be reduced, especially for goods exported from Pakistan to the United States. This marks the beginning of a new era of economic cooperation, particularly in the fields of energy, minerals, information technology, and cryptocurrencies. The statement did not mention specific tariff rates.