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WASHINGTON: President Donald Trump announced on Wednesday that the US has concluded a deal with Pakistan that will allow the two allies to work together on developing Pakistan’s vast oil reserves.

The announcement, posted on his Truth Social account, did not specify whether the two countries have also reached an agreement on tariffs.

“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,” Trump wrote.

“We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!”

Although Pakistan has long claimed to have large oil deposits along its coast, this marks the first high-level move towards tapping them.

The reference to India was also particularly poignant, as the US president earlier slapped the country with a 25 per cent tariff on imports, mainly as a punishment for acquiring oil and military equipment from Russia.

“Likewise, other Countries are making offers for a Tariff reduction. All of this will help reduce our Trade Deficit in a very major way,” he wrote, adding:........

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