<h1>US and Pakistan Partner to Develop Pakistan's Oil Reserves Under New Trade Agreement</h1> A trade agreement was announced between the United States and Pakistan to collaborate on developing Pakistan's alleged substantial oil reserves. The US is in the process of selecting an oil company to lead this partnership, with potential future oil sales to India mentioned. A member of the Indian Parliament expressed skepticism about the existence of significant oil reserves in Pakistan, noting India's heavy reliance on oil imports despite domestic discoveries. Pakistan has historically claimed large offshore oil deposits but has yet to make significant progress in exploiting them and currently imports oil to meet energy needs. The Pakistani Prime Minister publicly welcomed the trade deal, describing it as historic and expressing optimism about enhanced bilateral cooperation.