AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Advisor to the Finance Minister Khurram Schehzad has announced that the United States has expressed a significant interest in investing in Pakistan’s oil and gas sector, aiming to help build substantial reserves.
According to Radio Pakistan, Khurram Schehzad shared this development on the social media platform X, highlighting that Pakistan is the only country in which the US has shown investment interest, alongside offering a competitive tariff deal. This interest is particularly noteworthy given the current global economic climate and trade relations.
Schehzad elaborated that Pakistan’s position in the region is advantageous, with a tariff standing at nineteen percent, which is the lowest in South and Southeast Asia. In contrast, the US has imposed an additional twenty-five percent tariff on India, bringing the total US tariff on Indian goods to fifty percent. This move has positioned India among the highest tariffed nations by the US, a status it shares only with Brazil.
Furthermore, Schehzad emphasized the strategic implications of these tariffs, which could potentially shift investment dynamics within the region, making Pakistan an attractive destination for foreign investors seeking competitive tariffs and opportunities in the oil and gas sectors.