Date: Aug 1, 2025

In a sweeping trade move, US President Donald Trump has imposed a 19% tariff on Pakistan's exports to the United States, revised down from 29%, following a new bilateral trade agreement concluded on July 31, 2025.

The revised rate gives Pakistan a relative edge over India (25%), Bangladesh (20%), and Iraq (35%) under Trump’s aggressive tariff regime affecting 69 nations.

Trump confirmed on Truth Social that the US and Pakistan have also signed a joint oil exploration deal, boosting strategic cooperation.

Pakistan's negotiation team, led by Finance Minister Muhammad Aurangzeb and supported by COAS Asim Munir, played a key role in securing favorable terms before the August 1 deadline.

In contrast, countries like Brazil (50%), Canada (35%), and Switzerland (39%) faced steeper duties.

Markets reacted moderately, with Asian stocks slightly lower as trade uncertainties continue to weigh on global sentiment.

Stay tuned to Azee Securities for updates on how these developments may impact PSX-listed exporters and Pakistan’s trade outlook.