The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports.

The US sealed a trade deal with Pakistan as their officials wrapped up talks in Washington, agreeing to develop oil reserves.

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,