Pakistan, Aug. 8 -- State Minister for Finance and Revenue Bilal Azhar Kayani said on Thursday Pakistan expected a significant boost in exports to the United States following successful trade negotiations that convinced President Donald Trump's administration to lower tariffs on Pakistani products to 19%.

Pakistan and the United States finalized a trade agreement last week under which 19% tariff was imposed on a wide range of Pakistani goods. The new rate marked a considerable reduction from the initially proposed 29% under a sweeping executive order signed by Trump.

Islamabad had pushed for a lower tariff than its regional competitors, including Vietnam, which now faces a 20% tariff, and India, whose exports were hit with an additional...