ISLAMABAD: On August 7, 2025, significant details of the newly signed trade agreement between Pakistan and the United States were presented in the National Assembly.
The Ministry of Commerce shared key aspects of the deal, emphasizing the United States’ interest in investing in Pakistan’s mineral sector.
According to the Ministry, the U.S. has imposed a 50% tax on the import of raw minerals such as copper, iron, steel, and aluminum.
However, refined copper has been exempted from this tax, making its export highly beneficial for Pakistan.
The ministry highlighted that Pakistan is the fifth-largest country in the world in terms of copper reserves and will now be positioned as a reliable global supplier of minerals.
The agreement was discussed through working groups and a steering committee led by Pakistan’s Finance Minister.
A three-point strategic plan has been developed to minimize the impact on Pakistani exports.
To address the trade imbalance, Pakistan will consider increasing imports from the U.S. as part of a broader economic strategy.
Furthermore, both governments have agreed to negotiate product-specific tax structures.
Pakistani products with lower tariffs will be given improved access to U.S. markets. Non-tariff barriers will be reviewed, reduced, or eliminated where possible.
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A framework agreement has been finalized, and under this new arrangement, the U.S. has reduced tariffs on Pakistani exports from 29% to 19%, paving the way for enhanced bilateral trade relations.
