A truck moves past cranes during a media tour of the Karachi Port, Pakistan, May 9, 2025. REUTERS/Shakil Adil/File Photo
ISLAMABAD (Reuters) -Pakistan plans to offer concessions to U.S. companies to invest in its mining sector as part of negotiations with Washington over tariffs, its commerce minister told Reuters, as Islamabad seeks to capitalize on the Trump administration’s interest in boosting trade with South Asia.
Pakistan faces a potential 29% tariff on exports to the United States due to a $3 billion trade surplus with the world's biggest economy, under tariffs announced by Washington last month on countries around the world. Tariffs were subsequently suspended for 90 days so negotiations could take place.
