Daijiworld Media Network - Islamabad

Islamabad, Jul 5: Pakistan and the United States have concluded a crucial round of trade talks, reaching an understanding on a deal that could shape the future of Pakistan's key export sectors, including textiles and agriculture, Dawn News reported.

The breakthrough comes just days before the July 9 deadline to finalise a long-term reciprocal tariff agreement. Led by Commerce Secretary Jawad Paal, the Pakistani delegation held four days of talks in Washington aimed at preventing the re-imposition of a 29% tariff on Pakistani exports.

While a formal announcement is pending—awaiting the US’ conclusion of similar talks with other trade partners—officials from both sides confirmed that the negotiations had yielded a broad framework for future cooperation.

The proposed agreement includes increased Pakistani imports of US goods, particularly crude oil, and may also encourage American investment in Pakistan’s mining, energy, and infrastructure sectors. Flagship projects like the Reko Diq copper-gold mine featured prominently in the discussions.

The deal is also expected to open doors for expanded engagement with the US Export-Import Bank and help restore confidence among exporters and investors. Pakistani officials are hopeful the agreement will ensure continued access to the US market and help reset strained economic ties dating back to the Trump-era tariffs.