Pakistan plans mining incentives for US firms, including Balochistan joint ventures, to ease trade talks and avert proposed US tariffs.
Pakistan plans to offer investment incentives to US companies in its mining sector as part of ongoing trade negotiations aimed at averting potential US tariffs. Commerce Minister Jam Kamal confirmed that the proposals include joint ventures with local firms and lease concessions for projects primarily in the mineral-rich Balochistan province.
The discussions follow the US announcement of possible 29% tariffs on Pakistani exports due to a reported USD 3 billion trade surplus. These tariffs had been suspended for 90 days to allow for negotiations.
In addition to encouraging US mining investment, Pakistan intends to increase imports of US goods such as cotton and edible oils to help balance trade.
“We believe that there are untapped opportunities for US businesses in Pakistan, ranging from mining equipment to hydrocarbon exploration,” said Kamal.
