Pakistan, Aug. 1 -- The United States has officially imposed a 19 percent tariff on goods imported from Pakistan, marking a major shift in trade policy between the two countries. Alongside Pakistan, tariffs of 20 percent on Bangladesh and 15 percent on Israel were also announced by the White House. This decision follows weeks of negotiations aimed at avoiding harsher penalties, as Pakistan was initially facing a possible 29 percent tariff.

Despite the new tariff rate, both nations hailed a recent trade deal as a step toward deeper economic collaboration. According to Pakistan's finance ministry, the agreement focuses on future investments in sectors like energy, IT, cryptocurrency, and mineral resources. Finance Minister Muhammad Aurangz...