The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports.

The US sealed a trade deal with Pakistan as their officials wrapped up talks in Washington, agreeing to develop oil reserves.

Pakistan welcomes a 19% US tariff on its exports, viewing it as a balanced move enhancing competitiveness in the American market. The deal signals a strategic deepening of economic ties and shared growth,