00:00The United States and Pakistan finalized a trade agreement on Thursday aimed at lowering tariffs and increasing investment in key sectors, including energy, IT and mining.
00:10While Islamabad did not disclose specific tariff reductions, officials said the deal would enhance economic ties and help Pakistan compete with regional rivals like India and Vietnam.
00:20The agreement follows the suspension of a potential 29% U.S. tariff on Pakistan goods, with the South Asian nation seeking more favorable terms to expand its US$3 billion trade surplus, with the U.S. largely driven by textile exports.
00:37I think it's a great development for Pakistan's economy and it will not only, it has not only concluded the trade agreement with U.S., but also it will invite investment collaboration between Pakistani and U.S. companies and Pakistan's and U.S. major focus on investment in Pakistan is also very encouraging.
01:03So we have achieved a lot. We have our finance ministry, our commerce ministry and the stakeholders have also achieved all these things because not only we have concluded a very good trade deal with U.S. where we are exporting more than our imports, we have 1.2 billion of oil reserves.
01:25Out of that, you know, 80% is consumed and 20% is remaining.
01:30So I think the areas like KPK, Sin and Balochistan, the survey shows that there are immense opportunities available and reserves available over there where, you know, U.S. companies can invest and, you know, explore more and more oil reserves in Pakistan and also other things as well.
01:51They can also go to minerals, you know, they can also go to mining, you know, for all these opportunities.
01:58Habib emphasized the potential for U.S. firms to tap into Pakistan's underdeveloped shale oil reserves estimated at 9.1 billion barrels, particularly in Khyber, Patuktuwa, SID and also Punjab.
02:11He also dismissed concerns over China's reaction, stating Beijing has historically supported Pakistan's economic diversification.
02:21obaq.
02:25So, H debilitated towards China's response to King-Keyer, Patuktuwa, in Spain, primarily in China.
02:28Thank you, Patuktuwa, nowrain-Rimikoa.
02:30or aproximadamente 254 best made in Pakistan's yakima of
02:47WOW,booktuwa.
02:48Such a great question for trader-oriented ship,
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