ISLAMABAD / WASHINGTON D.C. – Experts say a newly formalised U.S.–Pakistan deal around Pakistani oil reserves could chart a “transformative path” for the country’s economy. A U.S. company is set to lead joint exploration efforts, and talks include reduced trade barriers that may benefit key sectors like energy, IT, mining, and pharmaceuticals—pending full tariff details.
This strategic agreement, lauded as signalling a new era of economic cooperation, came amid rising tensions between the U.S. and India, notably over energy ties with Russia. Former President Donald Trump publicly labelled the oil pact a “win-win,” even suggesting it could eventually enable Pakistan to supply energy to India—a move that would reshape regional trade dynamics.
Analysts believe the initiative could attract substantial foreign investment, accelerate energy infrastructure projects, and diversify Pakistan’s export palette. Officials emphasised that tariff relief would stimulate growth by improving export competitiveness.
While signs are optimistic, observers note implementation risks: regulatory clarity, coordination between state agencies, and ensuring benefits reach local communities and industries. The deal is seen as a critical test for Pakistan’s ability to leverage foreign economic partnerships for long-term gains.
This story has been reported by PakTribune. All rights reserved.