U.S. President Donald Trump said on Wednesday his administration struck a deal with Pakistan in which Washington will work with Islamabad in developing the South Asian nation's oil reserves. "We have just concluded a Deal with the Country of Pakistan,

President Donald Trump on Wednesday delivered a subtle punch at India in announcing a trade deal with its rival Pakistan after slapping India with 25% tariffs over the country’s ties to U.S. rival Russia. Trump joked that Pakistan could be “selling Oil to India some day!”

In a major concession to the United States for striking a trade deal, Pakistan on Wednesday exempted 5% tax, which it had imposed a month ago on foreign tech firms and online platforms on supply of digitally ordered goods and services.