Pakistan, Feb. 5 -- The United States (US) has unveiled a proposal to establish price floors for critical minerals and create a preferential trading arrangement among participating countries, an initiative that Pakistan is approaching cautiously as it seeks to balance relations with both Washington and Beijing.

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US Vice President J.D. Vance outlined the plan during a two-day meeting in Washington attended by representatives from more than 50 countries. He said the proposal aims to stabilise prices of critical minerals essential for clean energy, advanced technology and defence industries, arguing that sharp market fluctuations have discouraged long-term investment.

Diplomatic so...