Pakistan cheers 'better' US tariff deal even with likely fiscal risks
ADNAN AAMIR
ISLAMABAD -- Pakistan has secured a relatively favorable trade deal with the U.S., settling on a tariff rate of 19%, down from the initially threatened 29% in April, with sources revealing that President Donald Trump's personal interest in Pakistan's oil, mineral and cryptocurrency potential paved the way.
"The agreement enhances Pakistan's access to the U.S. market and vice versa," Pakistan's Ministry of Finance said in a press statement on Thursday. "Additionally, the deal is expected to spur increased U.S. investment in Pakistan's infrastructure and development projects."
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