Pakistan declares it is 'very close' to finalizing trade agreement with US
(MENAFN) Pakistan’s top diplomat announced on Friday that the country is “very close” to concluding a trade agreement with the United States, expressing optimism about the expanding economic relationship between the two nations.
Deputy Prime Minister and Foreign Minister Ishaq Dar told the Atlantic Council in Washington that the deal is in its final stages. He explained that Pakistani teams have been working in Washington, and a committee appointed by the Prime Minister is currently fine-tuning the agreement. Dar emphasized that the deal could be finalized in just days, not weeks or months.
His comments followed a meeting with US Secretary of State Marco Rubio at the State Department, where they discussed bilateral and regional matters, focusing on boosting trade ties and enhancing cooperation in critical minerals and mining sectors.
Dar highlighted that the agreement will cover trade and mineral collaboration, and he encouraged American investors to tap into Pakistan’s extensive natural resources, particularly in mining and offshore gas sectors. He also mentioned support from institutions like the US Export-Import Bank and the World Bank for US investors.
“There is great potential,” Dar noted, pointing out that Pakistan’s natural resources are estimated to be worth between $6 and $8 trillion.
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