Did Trump Just Change Pakistan’s Destiny? Massive US Partnership in Oil, IT, and Crypto

Prime Minister Shehbaz Sharif on Thursday expressed “profound thanks” to former US President Donald Trump for his leadership in finalizing a historic trade agreement between Pakistan and the United States. Calling it a new chapter in bilateral relations, Shehbaz termed the deal a “landmark moment” for both nations.

The agreement was announced by Trump himself on Truth Social late Tuesday, boasting of a “strategic partnership” with Pakistan. “We have finalized a big trade deal with Pakistan. We will explore oil reserves together. So much oil will be extracted that we may even be able to sell it to India,” Trump said in his characteristically bold style.

On his official X account, PM Shehbaz Sharif wrote:

“I wish to convey my profound thanks to President Trump for his leadership role in finalization of the historic US-Pakistan trade agreement… This landmark deal will enhance our growing cooperation to expand the frontiers of our enduring partnership.”

The agreement includes tariff reductions, increased market access for Pakistani products, and a detailed framework for joint oil exploration in Pakistan. It was signed after a high-level meeting in Washington between Pakistan’s Finance Minister Senator Muhammad Aurangzeb and US Secretary of Commerce Howard Lutnick, with US Trade Representative Jamieson Greer present.

Pakistan’s Ministry of Finance described the deal as a multi-sector economic cooperation pact, with key areas including:

• Energy (joint oil extraction),

• Information Technology (digital services and training),

• Minerals (especially rare earths),

• Cryptocurrency (regulated blockchain investment platforms).

Officials said this deal is expected to significantly increase Pakistan’s export potential and attract foreign investment, as it offers improved tariff parity and economic cooperation with the world’s largest economy.

Interestingly, the development comes as Trump simultaneously imposed a 25% tariff on Indian imports effective August 1 and set August 12 as a deadline for a deal with China, reflecting a more aggressive trade strategy in his political comeback campaign.