US President Donald Trump Announces Trade Deal with Pakistan

Yesterday, meaning today at midnight, US President Donald Trump announced a massive trade with Pakistan, and he announced that the Pakistan trade deal would be subjected to oil reserves. The US president announced that they have concluded a deal with the Pakistan government. It was expected that the Pakistani government would strike a deal with the US government soon, as the deadline would be before 1st August to strike a deal with the US regarding a trade deal. 

It was expected that Pakistan would reach a deal with the US soon, as Pakistan was subjected to 29% tariffs, and it would have impacted Pakistan's trade with the US. However, how much tariffs have been reduced for Pakistan is not known, as it would be revealed soon how much tariffs have been reduced for Pakistan by the United States. Moreover, at the moment it is good news for Pakistan; it will get a competitive advantage against India, Sri Lanka, and Bangladesh, and it can increase its textile exports to the US and other goods exports as well. 

It is likely that the Pakistani rupee will further gain strength against the US dollar, and Pakistan stock exchange points will be increased further due to the trade announced with the US. Additionally, many government personnel have welcomed this news and said that it is a result of the efforts of the government of Pakistan and that this will boost Pakistan's exports to the US and it will also create more jobs in Pakistan. It will create more industrialization in Pakistan as well. Pakistan would also benefit from oil trade, and even Donald Trump said that maybe Pakistan would export its oil to India as well.