Islamabad – Pakistan, US Discuss New Trade Agreement to Boost Investment and Economic Cooperation.The Chargé d’Affaires of the United States Embassy, Natalie Baker, met with Pakistan’s Finance Minister Muhammad Aurangzeb on Friday to explore opportunities for strengthening bilateral trade, expanding investment, and enhancing economic cooperation between the two nations.
According to an official press release from the Ministry of Finance, Aurangzeb highlighted that Pakistan’s economy has “turned a corner,” pointing to the recent upgrade in Pakistan’s credit rating by Moody’s, which now aligns with assessments from all three major international rating agencies. He emphasized that these positive developments are a direct result of the bold and necessary reforms introduced by the government.
Tariff Reforms and Economic Progress
The finance minister underscored the importance of Pakistan’s tariff reforms, which he said are designed to liberalize trade and shift the economy toward an export-led growth model. These reforms, according to Aurangzeb, are vital in boosting Pakistan’s competitiveness in global markets.
Engagements in Washington
Aurangzeb also reflected on his recent visit to Washington, where he held productive discussions with US Secretary of Commerce Howard Lutnick and US Trade Representative Ambassador Jamieson Greer. These meetings focused on finalizing a new Pakistan–US trade agreement, which aims to open new avenues for cooperation in multiple sectors.
Key Sectors for Investment
The finance minister stressed that the upcoming trade deal could transform bilateral economic relations by fostering collaboration in:
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Energy
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Mines and Minerals
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Information Technology (IT)
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Cryptocurrency and Digital Finance
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Infrastructure and Development Projects
He expressed optimism that the agreement will lead to greater US investment in Pakistan, especially in the digital economy, mining industry, and large-scale infrastructure projects.
Strengthening Bilateral Ties
Both sides reiterated their commitment to advancing the trade pact, viewing it as a cornerstone for building long-term economic stability and stronger ties between Pakistan and the United States.
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