Pakistan, Aug. 2 -- The government on Friday said that a revised tariff agreement with the United States will enhance market access for Pakistan and support outbound trade.

"The Government of Pakistan is pleased to announce the successful conclusion of tariff-related discussions with the United States," read a statement released by the Ministry of Finance.

As per the outcome of these talks, a tariff of 19% will be applicable for Pakistani exports to the US market, which is significantly lower than the initially proposed 29%.

On Thursday, US President Donald Trump announced new tariffs of up to 41% on goods imported from dozens of countries, including Pakistan, citing persistent trade imbalances and a lack of reciprocity in bilateral tr...