The United States in charge of Affairs Elizabeth Horst met the Minister of Finance Muhammad Aurangzeb in Islamabad on Monday to discuss economic cooperation and reaffirm the strengthening of bilateral links, Radio Pakistan reported.
According to a press release from the Ministry of Finance, the meeting made it possible to “the opportunity to exchange opinions on matters of mutual interest” and underlined an increasing collaboration between Pakistan and the United States.
Aurangzeb thanked the United States for long-standing support for the economic development of Pakistan, in particular the support of macroeconomic stability obtained in the last 18 months.
He also recalled his recent visit to Washington, DC, where he held what he described as “productive meetings” with the US Secretary of Commerce Howard Lutnick and the ambassador of the commercial representative Jamieson Greer.
The minister said that these discussions had contributed to a “healthy momentum in bilateral commitment”. “The United States remains the largest trading partner in Pakistan,” said Aurangzeb, while expressing the interest of Pakistan to expand cooperation beyond traditional sectors.
He noted an increasing potential in information technologies, minerals and agriculture as key areas for investment and mutually beneficial collaboration.
Aurangzeb also informed the guest diplomat on improving Macroeconomic indicators in Pakistan, including recent sovereign upgrades and renewed investors. He described the key reforms undertaken in terms of taxation and energy aimed at promoting long -term sustainable growth.
The Minister has also shared updates on the successful participation of Pakistan in the capital markets in the Middle East and plans to issue the country’s first panda obligation, as well as future companies in the euro markets and the US dollar.
The meeting ended with the two parties reaffirming their commitment to deepen cooperation and rely on the progress made in recent months.
