WASHINGTON, July 6 (TNF): Pakistan and the United States have reached an understanding on a trade deal that could protect key exports. The agreement comes days before the July 9 tariff deadline.
The Pakistani delegation, led by Commerce Secretary Jawad Paal, wrapped up four days of talks in Washington on Friday.
A formal announcement is expected after the US finishes similar talks with other partners.
Pakistan aimed to secure a long-term tariff deal to prevent the return of a 29% duty on exports, mainly textiles and agricultural goods. The tariff had been paused earlier this year but was set to resume without a deal.
Sources said the talks succeeded. Both sides agreed to a broad framework. The deal could boost Pakistani imports of US goods like crude oil and attract American investment in mining, energy, and infrastructure.
Projects such as the Reko Diq mine and energy facilities were key topics. The agreement could also expand access to US Export-Import Bank programs.
US Treasury Secretary Scott Bessent had hinted at deadline flexibility if talks progressed. Pakistani officials pushed for swift completion to end uncertainty for exporters.
Officials hope the deal will secure Pakistan’s US market access and improve bilateral ties strained by Trump-era tariffs.
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