{"id":15293,"date":"2025-07-30T21:04:06","date_gmt":"2025-07-30T21:04:06","guid":{"rendered":"https:\/\/ipp-news.com\/?p=15293"},"modified":"2025-07-30T21:04:06","modified_gmt":"2025-07-30T21:04:06","slug":"trump-announces-trade-deal-oil-partnership-with-pakistan","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=15293","title":{"rendered":"Trump announces trade deal, oil partnership with Pakistan"},"content":{"rendered":"<div>US President Donald Trump on Wednesday announced a new deal between the United States and Pakistan for the joint development of Pakistan\u2019s oil reserves \u2014 a development likely to factor into ongoing trade discussions between the two countries.<\/p>\n<p>In a post on his social media platform, Truth Social, President Trump stated: \u201cWe 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.\u201d<\/p>\n<p>He added that the US is in the process of selecting a company to lead the initiative. \u201cWho knows, maybe they\u2019ll be selling oil to India someday!\u201d he remarked.<\/p>\n<p>https:\/\/truthsocial.com\/@realDonaldTrump\/114943927434273211<\/p>\n<p>The announcement comes as part of a broader push by the US administration to secure new trade partnerships. \u201cWe are very busy in the White House today working on trade deals,\u201d Trump wrote. \u201cI have spoken to the leaders of many countries, all of whom want to make the United States \u2018extremely happy\u2019.\u201d<\/p>\n<p>He said several countries were now proposing tariff reductions. \u201cAll of this will help reduce our trade deficit in a very major way,\u201d he claimed, promising that a full report would be released \u201cat the appropriate time\u201d.<\/p>\n<p>The development follows Pakistan\u2019s recent move to exempt foreign technology companies from a five per cent tax on digitally supplied goods and services \u2014 a measure widely viewed as a goodwill gesture toward Washington.<\/p>\n<p>The Federal Board of Revenue\u00a0formally notified the exemption on Wednesday, coinciding with Finance Minister Muhammad Aurangzeb\u2019s visit to Washington, where he is engaged in talks to resolve outstanding issues hindering a broader trade agreement.<\/p>\n<p>Earlier, Trump had announced that imports from India would now face a 25 per cent tariff. He also hinted at an unspecified \u201cpenalty\u201d in response to India\u2019s ongoing purchases of Russian arms and energy.<\/p>\n<p>The new rate is slightly lower than the one proposed in April but is still higher than tariffs imposed on other Asian nations that have signed preliminary agreements with Washington.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US President Donald Trump on Wednesday announced a new deal between the United States and Pakistan for the joint development of Pakistan\u2019s oil reserves \u2014 a development likely to factor into ongoing trade discussions between the two countries. In a post on his social media platform, Truth Social, President Trump stated: \u201cWe have just concluded [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-15293","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/15293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15293"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/15293\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}