Pakistan, Aug. 1 -- In a major trade development, the United States has reduced tariffs on Pakistani exports from 29% to 19% under a newly signed agreement by President Donald Trump. The revised rate is notably lower than India's 25%, offering Pakistan a competitive advantage in the US market. This decision follows concerns over trade imbalances and efforts to ensure fair trade between the two countries.

The new deal is expected to help Pakistan's textile and apparel industries gain better access to the American market. According to experts, the reduced tariff could boost export earnings and revive industrial growth, which had slowed down recently. Additionally, the agreement strengthens Pakistan's trade position compared to other region...