Thu Jul 31 06:28:11 UTC 2025: Okay, here’s a summary and a news article based on the provided text:

**Summary:**

Pakistan and the United States have reached a “historic” trade agreement focusing on developing Pakistan’s oil reserves. Pakistani Prime Minister Shehbaz Sharif thanked U.S. President Donald Trump for his leadership in finalizing the deal. The agreement, reached after meetings between Pakistani and U.S. officials in Washington D.C., aims to boost bilateral trade, reduce tariffs, and attract investment, particularly in energy, IT, and infrastructure. The US President hinted at the possibility that someday Pakistan will be selling oil to India.

**News Article:**

**U.S. and Pakistan Seal “Historic” Trade Deal to Develop Oil Reserves**

*Islamabad -* A major trade agreement has been finalized between the United States and Pakistan, centered on developing Pakistan’s long-claimed, but untapped, oil reserves. Pakistani Prime Minister Shehbaz Sharif expressed his gratitude to U.S. President Donald Trump for his role in securing the “historic” deal.

The agreement, announced Wednesday by President Trump and celebrated by Prime Minister Sharif in a social media post, promises to boost bilateral trade, expand market access for both countries, and attract significant investment into Pakistan. Key sectors targeted for growth include energy, mines, minerals, IT, and infrastructure development.

“I wish to convey my profound thanks to President Trump for his leadership role in finalization of the historic U.S.-Pakistan trade agreement,” Sharif wrote, adding that the deal will “expand the frontiers of our enduring partnership.”

According to reports, the agreement was finalized during a meeting between Pakistani Finance Minister Muhammad Aurangzeb and U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer in Washington, D.C. The agreement will result in reduction of reciprocal tariffs especially on Pakistani exports to the United States.

President Trump, in a post on Truth Social, alluded to potential future impacts on the wider region. “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. Who knows, maybe they’ll be selling Oil to India some day!”

The deal is expected to spur increased US investment in Pakistan’s infrastructure and development projects, further solidifying the economic ties between the two nations.

The trade agreement underscores the commitment of both nations to deepen their bilateral relationship and explore all avenues for strengthening trade and investment ties.

Read More