ISLAMABAD, June 25, 2025 – Pakistan and the United States are set to finalize trade discussions next week, focusing on reciprocal tariffs. This decision follows a virtual meeting between Pakistan’s Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard Lutnick.
The negotiations are part of a strategic effort to reset economic ties between the two nations, especially as Pakistan seeks to mitigate steep US duties on its exports.
A statement from the finance ministry confirmed that “Both sides showed satisfaction on the ongoing negotiations. It resolved to conclude the trade negotiations next week,” also noting discussions for a longer-term strategic and investment partnership.
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Pakistan currently faces a 29 percent tariff on exports to the US, a measure imposed under President Donald Trump‘s policy targeting countries with significant trade surpluses.
To address this imbalance and ease tariff pressures, Islamabad has proposed increasing imports of US goods. US-Pakistan tariff talks will include discussion on crude oil and offering investment concessions for US firms in Pakistan’s mining sector.
Recent efforts include a co-hosted webinar promoting investment in Pakistan’s mineral sector, with the US Export-Import Bank reviewing substantial financing proposals for projects like the Reko Diq copper-gold mine.
