The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports.

After a disappointing announcement by the United States of America over the India-US trade deal, the US President Donald Trump went on to hurt India’s sentiments even more. Donald Trump on Thursday has announced sealing a trade deal with Pakistan and said that Washington will work with Islamabad to develop what he described as the South Asian nation`s "massive oil reserves".