The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports.

President Trump announced a “massive” oil exploration partnership with Pakistan despite its lack of confirmed oil reserves. Energy analysts are skeptical, noting that Pakistan has never produced commercially viable offshore oil despite seismic surveys.

The United States and Pakistan say they have reached a trade agreement that is expected to allow Washington to help develop Pakistan’s largely untapped oil reserves and lower tariffs for the South Asi