00:00Pakistan's Finance Minister Mohammad Orangzab has left for Washington his second U.S. trip in two weeks to finalize a trade deal.
00:08The visit follows claims by Pakistan's Foreign Minister that a deal is near, but Washington has yet to commit to a timeline.
00:17Orangzab described his earlier July 18th talks with U.S. officials as productive.
00:22Pakistan currently faces a 29% tariff under U.S. President Donald Trump's policy-targeting countries with large trade surpluses.
00:31Pakistan's surplus with the U.S. stood at around US$3 billion in 2024.
00:36The U.S. is Pakistan's largest trading partner, with exports reaching US$5.44 billion in the fiscal year of 2023-2024.
00:45To offset the imbalance, Islamabad has offered to import more U.S. goods, including crude oil, and open investment opportunities in its mining sector.
00:55Pakistan also aims to expand bilateral trade into both traditional and emerging sectors, highlighting opportunities in IT, minerals and agriculture.
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