Pakistan has offered a zero-tariff bilateral trade agreement to the United States, claims a Pakistani media report on Thursday, 15 May.

Geo News, a news channel owned by the Jang Media Group, reported the development, quoting government sources.

"Pakistan is offering to enter into a bilateral agreement with zero tariffs on selected tariff lines, with mutual interests, to expand bilateral trade across multiple sectors," a high-level source reportedly told the channel when asked about the new policy offered to the US.

The development comes after US president Trump claimed that he brokered a "ceasefire" between Pakistan and India.

He also lauded the leadership of both countries and said he would be doing "a lot of trade" with both.

The nuclear-armed neighbours ended their worst military conflict in nearly three decades after reaching an understanding on 10 May to end the conflict after four days of intense cross-border drone and missile strikes.

Indian government sources in New Delhi have maintained that the directors general of military operations (DGMOs) of India and Pakistan reached an understanding to stop all firings and military actions on land, air and sea without the involvement of any third party.

On 2 April, Trump announced sweeping reciprocal tariffs on several countries, including India and China. However, on 9 April, he announced a 90-day suspension of these tariffs until 9 July 2025, except for those on China and Hong Kong, as about 75 countries approached America for trade deals.

PTI inputs edited for clarity