Pakistan, June 25 -- ISLAMABAD - Pakistan and the United States are on track to finalize a reciprocal tariff agreement by next week, as both sides push to avoid looming trade penalties. Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard Lutnick agreed to conclude the technical-level talks during a virtual meeting held on Tuesday.

According to the Finance Division, both officials expressed satisfaction with the progress made so far and showed strong commitment to wrapping up negotiations promptly. The discussions focused on boosting bilateral trade and investment while also laying the groundwork for a broader strategic partnership between the two countries.

The talks are crucial for Pakistan as it seeks relief from stee...