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.

Pakistan is poised to receive its first-ever US crude oil shipment later this year, marking a significant trade agreement following tariff discussions. Cnergyico, Pakistan's largest refinery, has finalized a deal with Vitol to import 1 million barrels of American oil,