Pakistan, U.S. aim to strengthen trade

July 18,2025(MLN): Pakistan and the United States emphasized their commitment to enhance economic and trade cooperation during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and U.S. Chargé d’Affaires Elizabeth Horst at the Finance Division.

The Finance Minister appreciated Washington’s longstanding support for Pakistan’s economic development and acknowledged U.S. assistance in achieving macroeconomic stability over the past 18 months.

 He highlighted the growing momentum in bilateral engagements and the importance of the United States as Pakistan’s largest trading partner, said a press release issued today.

Senator Aurangzeb shared details of his recent visit to Washington, where he met U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer.

He noted encouraging progress in strengthening trade and investment links and emphasized Pakistan’s interest in expanding cooperation beyond traditional sectors to include information technology, minerals, and agriculture.

He also briefed Ms. Horst on Pakistan’s improved macroeconomic indicators, sovereign rating upgrades, and rising investor confidence.

The minister outlined reforms in taxation and energy aimed at driving sustainable economic growth and mentioned upcoming plans to issue the country’s first Panda bond, along with future access to Euro and USD markets.

Ms. Horst welcomed Pakistan’s economic progress, expressed U.S. support for continued reforms, and reaffirmed Washington’s commitment to fostering a durable trade and business partnership.

Both sides agreed to build on existing engagements to further strengthen bilateral relations.

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