Donald Trump courts Pakistan with oil pact and crypto push
Pakistan is seeking terms similar to the recent trade deals the US has made with Japan and Vietnam, with 15-20 per cent tariffs.
Updated At : 05:53 AM Aug 04, 2025 IST
Wealth: Crude oil produced in Pakistan is refined at five oil refineries. Reuters
ON July 31, Pakistan and the US signed a new trade agreement, focussing on joint efforts to develop Pakistan's oil reserves. The pact also sought to develop broader cooperation in energy, minerals, information technology and cryptocurrency, which could boost US investment in Pakistan's infrastructure and expand bilateral market access. US President Donald Trump added, "We are in the process of choosing the oil company that will lead this partnership."
