Trump says US and Pakistan have concluded a trade deal
Shipping containers are seen at a port in Karachi, Pakistan.
WASHINGTON - US President Donald Trump said on July 30 his administration struck a deal with Pakistan in which Washington will work with Islamabad in developing the South Asian nation's oil reserves.
'We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,' Mr Trump wrote on social media.
'We are in the process of choosing the Oil Company that will lead this Partnership.'
Mr Trump's social media post did not provide further details on the deal between the US and Pakistan.
The Pakistani embassy in Washington had no immediate comment.
Last week, Pakistani Foreign Minister Ishaq Dar said the United States and Pakistan were 'very close' to a trade deal that could come within days, after he met with Secretary of State Marco Rubio on July 25.
Under Mr Trump, Washington has attempted to renegotiate trade agreements with many countries that he threatened with tariffs over what he calls unfair trade relations. Many economists dispute Mr Trump's characterisation.
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The US State Department and Pakistan's foreign ministry, in separate statements after Mr Rubio's meeting with Mr Dar, said last week the two top diplomats stressed in their discussion the importance of expanding trade and ties in critical minerals and mining.
'Our teams have been here in Washington discussing, having virtual meetings and a committee has been tasked by the prime minister to fine tune now,' Mr Dar said last week about US-Pakistan talks. REUTERS
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