Pakistan, Aug. 16 -- Pakistan and the United States reaffirmed their commitment to deepen economic cooperation, with both sides agreeing to advance a new trade agreement aimed at expanding market access, boosting investment, and promoting collaboration in key sectors.

The development came during a high-level meeting between Natalie Baker, Charge d'Affaires of the Embassy of the USA, and Finance Minister Muhammad Aurangzeb on Friday at the Finance Division.

Last month, the US administration imposed a 19% reciprocal tariff on a wide range of Pakistani goods, significantly lower than the initially proposed 29%, under an executive order signed by US President Donald Trump.

Pakistan's revised tariff rate of 19% is lower than that of several...