Prime Minister Shehbaz Sharif on Thursday expressed his gratitude to US President Donald Trump for his role in finalising a “historic” trade agreement between Pakistan and the United States.
“I wish to convey my profound thanks to President Trump for his leadership role in the finalization of the historic US-Pakistan trade agreement, successfully concluded by our two sides in Washington last night,” the prime minister wrote on his X timeline.
He said that the “landmark” deal would enhance the growing bilateral cooperation to expand the frontiers of an enduring partnership in the days to come.
US President Trump announced on his Truth Social account, “We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India someday.”
Earlier, the Trump administration slapped a 25% tariff and an unspecified penalty on goods imported from India starting on Friday.
“We have, over the years, done relatively little business with them (India) because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary trade barriers of any country… India will therefore be paying a tariff of 25%, plus a penalty for the above, starting on August 1st,” Trump wrote in a separate, strongly worded post on his social media platform.
![File/ Local residents at the Swat River, which is overflowing due to pre-monsoon heavy rains in the area on the outskirts of Mingora, the main town of Pakistan's Swat Valley [Sherin Zada/AP]](https://mmnews.tv/wp-content/uploads/2025/06/Flooding-in-Swat-river.jpg)
