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Trump also held a meeting in a closed room with Pakistan Army Chief Asim Munir in June. (File photo)
US President Donald Trump on Thursday announced 25% of India, while only 19% tariff on Pakistan. This is the lowest tariff on any country in South Asia.
Earlier in April, Trump had talked about imposing 26% tariffs on India and 29% on Pakistan. In the new order, Trump has given Pakistan a big discount of 10%.
Yesterday, Trump announced the oil and trade deal with Pakistan. Under this, the US will help Pakistan to extract oil and make storage.
In the last few months, the relationship between US and Pakistan has come close. Pakistan also nominated Trump for the Nobel Peace Prize in June. At the same time, America’s relationship with India has shown tension.
Pakistan will benefit in the textile sector
The US has imposed 25% tariffs on India and 20% on Bangladesh, which can give Pakistan strategic benefits. Pakistan’s largest export sector is the textile industry, and America is its largest buyer.
India, Bangladesh and Vietnam are also in this market, but Pakistan can get more orders due to high fees on them.
The Government of Pakistan says that this decision will initiate new economic cooperation in areas like Energy, Minerals, IT and Crypto. Experts believe that this decision can also be an attempt to make Pakistan financially stable.
The decision of this concession received by Pakistan to Pakistan is not only seen as a part of political equations, but also as part of political equations.
Oil deal completed in Pakistan-America
US President Donald Trump has announced the oil deal with Pakistan. Under this, we will develop oil reserves of Pakistan. He also claimed that Pakistan can sell oil to India in future.
While posting on social media on Wednesday, Trump said that the US has finalized the deal with Pakistan. Under this, the US will develop its huge oil reserves along with Pakistan.
Trump also wrote that maybe one day Pakistan will sell oil to India.
According to Trump’s statement, an oil company will be selected for this partnership.
Oil reserves found in Pakistan last year
In September last year, a large reserves of oil and gas were found in Pakistan’s maritime border. According to Pakistani media house Dawn, a survey was conducted for 3 years with a associate country in the area. It confirmed the presence of oil and gas reserve later.
According to some reports, this reserves will be the fourth largest oil and gas reserves in the world. Currently, Venezuela has the largest reserve of oil, which has 34 lakh barrels of oil. At the same time, America has the pure oil reserves, which have not yet been used.
If Pakistan manages to remove oil and gas, it will have a big impact on its economy.
It will take 4-5 years to remove oil or gas
According to the report, it will cost about 42 thousand crores to complete the research related to the store. After this, it may take 4-5 years to remove it from the depth of the sea. If the research is successful, then it will be needed more money to install wells and make the rest of the infrastructure to remove oil and gas.
Pakistani authorities have described getting oil and gas reserves as good for the country’s ‘Blue Water Economy’. Promoting the economy through maritime routes, new ports and maritime policy is called blue economy.
