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