Overview

• Finance Minister Muhammad Aurangzeb met Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington on July 18 to advance bilateral trade discussions.
• Negotiators focused on cutting Pakistan’s 29 percent duty on exports under President Trump’s tariff policy in exchange for reciprocal reductions.
• Islamabad offered to boost imports of U.S. goods, including crude oil, and grant concessions to American mining firms to offset its trade imbalance.
• Delegations also explored expanded technology cooperation and sector-specific investment to deepen economic ties.
• Both sides expressed optimism that a deal on tariffs and investment could be reached within a week, though technical complexities may extend talks.