By Ariba Shahid, Asif Shahzad and Kanishka Singh ISLAMABAD/WASHINGTON (Reuters) -The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment,

There appears to be political signaling in setting the new rates by President Donald Trump. On April 2, President Trump announced a 26% tariff for India and set its final rate at 25%, lower than Pakistan’s 29% at that time. But he has now kept the Indian tariffs 6% above the Pakistan tariffs.

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