Thursday, April 9, 2026

Pakistan gets long-term approval to export seafood to US

ISLAMABAD: Pakistan has received a four-year approval to export fish and seafood to the United States, a move seen as a major acknowledgement of the country’s seafood quality at the global level.

Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, confirmed the development, noting that Pakistani fisheries now meet strict US standards.

He said this would provide consistency in seafood exports, boosting stability and growth in Pakistan’s trade sector.

Last year, Pakistan exported 242,000 tons of fish, generating $489 million in foreign exchange. The minister projected that earnings could rise to $600 million in the coming year.

This comes after Pakistan and the United States finalized a trade deal in July 2025 following discussions on tariff policy.

“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,” US President Donald Trump wrote in a social media post.

“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 someday!”

The partnership is expected to bring in an American oil company to lead the venture.

The Ministry of Finance also confirmed that an agreement has been reached to promote trade, expand market access, attract investment, and strengthen cooperation across multiple sectors.

This understanding was achieved during a meeting between Finance Minister Senator Muhammad Aurangzeb, US Secretary of Commerce Howard Lutnick, and US Trade Representative Jamison Greer, with senior officials including Secretary of Commerce Jawad Paul and Pakistan’s Ambassador to the US Rizwan Saeed Sheikh in attendance.

Under the deal, tariffs on Pakistani exports to the US will be reduced, while both countries will explore closer ties in energy, minerals, IT, cryptocurrency, and other key areas.

The Ministry of Finance said this agreement would open a new chapter in Pakistan-US economic relations, allowing both nations greater access to each other’s markets while encouraging increased US investment in Pakistan’s infrastructure and development projects.

It added that the trade agreement demonstrates the commitment of both governments to deepen bilateral cooperation and strengthen trade and investment ties.