Senator Muhammad Aurangzeb, US Secretary of Commerce Howard Lutnick focus on reciprocal tariffs
ISLAMABAD: (UrduPoint/Pakistan Point News-June 25th, 2025) The progress was reported in trade negotiations between Pakistan and the United States, with both sides agreeing to finalize a trade agreement next week.
According to the Ministry of Finance, a virtual meeting was held between Pakistan's Federal Finance Minister, Senator Muhammad Aurangzeb, and US Secretary of Commerce, Howard Lutnick, focusing on reciprocal tariffs. The meeting resulted in consensus on concluding the agreement in the coming week as part of the ongoing trade dialogue.
During the session, both sides expressed satisfaction with the current progress and reaffirmed their commitment to completing the trade talks smoothly by next week.
Furthermore, the two countries agreed to establish a comprehensive partnership based on mutual interests following the finalization of the trade deal.
According to the Ministry of Finance, the upcoming partnership will encompass strategic cooperation, investment, and all areas of mutual interest. The discussions emphasized enhancing and deepening trade, investment, and economic ties to ensure equal benefits for both nations.
The technical-level talks are expected to conclude next week, and both countries have expressed confidence in finalizing the trade agreement as soon as possible.
