Pakistan says trade talks with US to conclude next week 

US President Donald Trump arrives for a social dinner at the 'Huis ten Bosch' Royal Palace during a North Atlantic Treaty Organization (NATO) Heads of State and Government summit in The Hague, on June 24, 2025. (AFP)
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Updated 25 June 2025
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Pakistan says trade talks with US to conclude next week 

  • Pakistan, US have been holding talks on Donald Trump’s reciprocal trade tariffs since last month
  • Pakistan’s finance minister holds virtual meeting with US Commerce Secretary Howard Lutnick

KARACHI: Islamabad and Washington have resolved to conclude their ongoing trade negotiations on reciprocal tariffs by next week, Pakistan’s finance ministry said on Wednesday as both sides look to bolster their economic relationship. 

Pakistan last month announced it had begun talks with the United States (US) following the imposition of steep tariffs by President Donald Trump’s administration on several countries, including Pakistan. 

Washington said it had imposed the duties to correct trade imbalances and ensure fair treatment of American goods. The decision was criticized as a blow to global economic recovery efforts in the aftermath of the COVID-19 pandemic.

Pakistan has been hit with a 29 percent tariff on its exports to the US as the country tries to drive sustainable economic growth through increased exports. 

“Both sides showed satisfaction on the ongoing negotiations and resolved to conclude the trade negotiations next week,” the finance ministry said after a virtual meeting between Pakistan’s Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard Lutnick on Tuesday. 

The ministry said both sides also agreed to conclude a partnership based on strategic and investment interests, covering areas of mutual interest, “in due course.”

“The discussion focused on meaningful engagement in trade, investment and deepening economic ties mutually beneficial to both sides with technical level trade-related discussions to be concluded next week,” the ministry added. 

Islamabad attaches significant importance to its trade deal with Washington, as the US is Pakistan’s largest export market, and analysts warn that the new tariffs could undermine the South Asian country’s fragile economic recovery.

According to Pakistan’s central bank, the country exported $5.44 billion worth of goods to the US in 2024. From July 2024 to February 2025, exports stood at $4 billion, up 10 percent compared to the same period last year.

Nearly 90 percent of Pakistan’s exports to the US are textiles, a sector likely to bear the brunt of the tariff impact.

Trade experts have also cautioned that the duties could erode Pakistan’s competitiveness, especially if regional players such as China, Bangladesh and Vietnam shift focus to European markets, intensifying competition in alternative destinations.


Pakistan says over 100 militants killed in ‘retributive strikes’ against Afghanistan

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Pakistan says over 100 militants killed in ‘retributive strikes’ against Afghanistan

  • Islamabad determined to carry out similar strikes in future if cross-border attacks continue, warns Pakistan parliamentary affairs minister 
  • Pakistan says struck seven militant camps in Afghanistan’s three provinces Saturday night, while Taliban accuse Islamabad of killing civilians

ISLAMABAD: Minister for Parliamentary Affairs Tariq Fazal Chaudhry has said that over 100 militants were killed in the recent “retributive strikes” launched by Pakistan against Afghanistan, state media reported on Tuesday, vowing that Islamabad is determined to carry out similar actions in future if cross-border attacks persist. 

Pakistan said on Sunday it launched “intelligence-based selective targeting” of seven militant camps along the Afghan border in response to a mosque bombing in Islamabad and violence in the northwestern border districts of Bajaur and Bannu, among other attacks. Authorities say many of the assaults have been carried out by the Tehreek-e-Taliban Pakistan (TTP) and other allied militant groups that Islamabad alleges are operating from sanctuaries in Afghanistan, whose government denies this.

A Pakistani security official said the strikes were launched at militant camps in Afghanistan’s Nangarhar, Paktika and Khost provinces. Afghanistan denied Pakistan’s claims, saying Islamabad had killed dozens of civilians, including women and children. Afghanistan’s Defense

Ministry warned Pakistan of retaliation at a “suitable time.”

“The Senate was informed today that over one hundred Khawarij were killed in retributive strikes carried out by the Pakistan Air Force against Fitna Al-Khawarij in Afghanistan,” state broadcaster Radio Pakistan said. 

Pakistan’s military frequently uses the term “Fitna Al-Khawarij” to describe the TTP, which has carried out some of the deadliest attacks against Pakistani citizens and law enforcers since 2007. 

Chaudhry said Islamabad carried out the strikes after the Afghan administration failed to prevent “terrorists” from using its soil for attacks targeting Pakistan. He said Islamabad had repeatedly shared credible evidence of militants using Afghan territory to carry out attacks against

Pakistan, but Kabul remained unable to curb their actions. 

“He made it clear that Pakistan reserves the right to respond to terrorist activities in self-defense and is determined to carry out similar retributive actions in the future if such activities continue,” Radio Pakistan said. 

Afghanistan’s foreign ministry on Sunday summoned Pakistan’s charge d’affaires to Afghanistan Ubaid-ur-Rehman Nizamani and lodged a protest through a formal démarche in response to the Pakistani military strikes.

Tensions between Islamabad and Kabul have escalated since the Afghan Taliban returned to power in 2021. Pakistan says cross-border militant attacks have increased since then and has accused the Taliban of failing to honor commitments under the 2020 Doha Agreement to prevent Afghan soil from being used for attacks against other countries.

The Taliban deny allowing such activity and have previously rejected similar accusations. Pakistan also blames India for supporting militant attacks in Pakistan by the TTP and separatist groups in southwestern Pakistan, charges India denies.