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.

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,

The United States and Pakistan say they have reached a trade agreement that is expected to allow Washington to help develop Pakistan’s largely untapped oil reserves and lower tariffs for the South Asi