Pakistan and the United States (US) have been in discussions following Washington’s announcement of a 29 percent “reciprocal tariff” on exports from Pakistan in April. Islamabad stated that the decision, halted in June for a 90-day span, could undermine its delicate, export-driven recovery.
According to official data, the US is Pakistan‘s primary export market, with exports reaching $5.44 billion in the fiscal year 2023-2024. Between July 2024 and February 2025, exports increased by 10 percent compared to the previous year.
While addressing the Atlantic Council think tank in Washington, the Pakistani deputy prime minister mentioned that both parties have recently engaged in talks concerning textiles, digital commerce, and agriculture.
“Pakistan aims for improved market entry in the US.” “We are actively striving to provide increased market access for US products in the extensive Pakistani markets,” he stated.
“We aim to finalize a trade agreement that benefits both parties as soon as possible, ideally within days rather than weeks.”
During US President Donald Trump’s administration, Washington sought to rework trade deals with several nations that he warned about tariffs due to what he deemed unfair trade practices. Numerous economists challenge Trump’s description.
Dar also encountered Secretary of State Marco Rubio on Friday.
“Today, I met with Pakistani Deputy Prime Minister and Foreign Minister @MIshaqDar50 to talk about increasing bilateral trade and improving cooperation in the essential minerals industry,” Rubio stated on X.
“I also expressed my gratitude for Pakistan’s collaboration in fighting terrorism and ensuring regional stability.”
The Pakistani foreign ministry stated that Dar “valued the crucial contribution” by Trump and Rubio “in reducing tensions between Pakistan and India by supporting a ceasefire.” The statement from the State Departmentexcluded any reference to India.