Pakistan and USA Commit to Enhancing Economic Collaboration in Essential Sectors

Pakistan and USA Economic Collaboration

Elizabeth Horst, the US Chargé d’Affaires in Pakistan, met with Federal Minister for Finance and Revenue Muhammad Aurangzeb at the Finance Division today.in this metting tallk aboutPakistan and USA Commit to Enhancing Economic Collaboration in Essential Sectors

This meeting was a great chance to discuss topics of shared interest and to reinforce the positive direction of the relationship between Pakistan and the United States.

The Finance Minister showed gratitude for the long-term support that the United States has provided for Pakistan’s economic growth. He specifically praised the ongoing US assistance that has helped maintain macroeconomic stability over the last year and a half, and he welcomed the strong progress in bilateral cooperation across different sectors.

Reflecting on his recent trip to the United States, the Minister shared valuable insights from his fruitful discussions with US Secretary of Commerce Howard Lutnick and United States Trade Representative Ambassador Jamieson Greer in Washington, D.C. He highlighted the promising advancements in enhancing trade and economic connections between the two nations.

Aurangzeb emphasized how crucial the US is as Pakistan’s top trading partner and pointed out Pakistan’s strong desire to expand cooperation beyond the usual sectors. He specifically mentioned the exciting opportunities in information technology, minerals, and agriculture as areas for collaboration that could benefit both sides.

The Minister also updated Horst on Pakistan’s latest macroeconomic indicators, including improvements in sovereign ratings and a boost in investor confidence. He detailed the government’s reform agenda, which focuses on key areas like taxation and energy, with the goal of achieving sustainable, long-term economic growth.

Additionally, he provided updates on Pakistan’s successful entry into Middle Eastern capital markets, plans for launching the first Panda bond, and future access to Euro and USD markets.

Horst acknowledged the economic advancements and the government’s reform-oriented strategy, highlighting the US’s commitment to enhancing economic and trade relations with Pakistan. She reiterated US support for ongoing economic and political stability in Pakistan and expressed hope for a lasting and strong business partnership between the two countries.

The meeting wrapped up with a shared commitment to build on the current momentum to further strengthen bilateral cooperation.