Pakistan cheers 'better' US tariff deal even with likely fiscal risks

Trump's interest in oil, minerals and crypto played key role in breakthrough

20250801 Trump Pakistan

A Pakistani government official said that Trump's interest in Pakistan's untapped oil reserves, mineral resources and potential crypto regulation played a significant role in the bilateral trade deal. © AP

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.

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