Pakistan is actively seeking to expand Pakistan-US trade by exploring opportunities in both traditional sectors and emerging industries such as IT, minerals, and agriculture. Finance Minister Muhammad Aurangzeb led a high-level delegation in Washington D.C., emphasizing the need to deepen economic collaboration with the United States for mutual benefit.
Focus on Diversified Economic Ties
During a productive meeting with U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer, Aurangzeb underscored Pakistan’s willingness to widen the scope of cooperation beyond conventional areas. He highlighted the significance of technology, digital infrastructure, green minerals, and sustainable agriculture as new frontiers for bilateral engagement.
He also reiterated that the United States remains Pakistan’s largest trading partner, and there is enormous potential to scale up trade volumes and investment across multiple sectors.
Strengthening a Longstanding Economic Partnership
The meeting in Washington reflected a mutual desire to build on the strong foundation of Pakistan-US trade relations. Both sides expressed satisfaction with the current progress in economic and commercial ties, calling them a vital pillar of bilateral engagement.
Aurangzeb praised the role of the U.S. private sector in supporting Pakistan’s economic growth and emphasized the government’s commitment to creating an investment-friendly environment.
U.S. officials, in response, welcomed Pakistan’s proactive approach and acknowledged its efforts to modernize key sectors of the economy.
Technology and Innovation Take Center Stage
Among the areas identified for expansion, technology and digital services took center stage. Pakistan aims to grow its IT exports by providing skilled talent and offering attractive incentives to American companies. Aurangzeb invited U.S. investors to tap into Pakistan’s rapidly evolving tech ecosystem, which includes software development, e-commerce, fintech, and AI.
He emphasized the importance of public-private collaboration to foster innovation, job creation, and digital inclusion in both countries.
Minerals and Green Energy as Emerging Priorities
Pakistan also proposed collaboration in critical minerals, particularly those used in renewable energy, electric vehicles, and battery storage technologies. With global demand rising, Aurangzeb positioned Pakistan as a potential supplier of strategic raw materials, backed by geological diversity and untapped mining potential.
The two sides discussed ways to facilitate responsible extraction, sustainable development, and knowledge-sharing in mining and related services.
Read: Pakistan Targets New Investments for Economic Growth
Agriculture and Food Security Cooperation
Another focal point was agriculture, where both countries see room for joint ventures in modern farming techniques, water management, seed technology, and food processing. Pakistan is looking to modernize its agricultural value chains and invited U.S. firms to assist with research, capacity-building, and investment in climate-resilient crops.
This cooperation, officials noted, would not only enhance food security but also promote rural livelihoods and export potential.
Trade Talks Gain Momentum
Aurangzeb and his American counterparts reaffirmed their commitment to advancing ongoing trade talks. They expressed optimism that current dialogues would yield concrete outcomes in the near future. Emphasis was placed on reducing trade barriers, simplifying export procedures, and increasing market access for goods and services from both sides.
The delegation also advocated for deeper collaboration through bilateral platforms such as the Trade and Investment Framework Agreement (TIFA), which remains an essential tool for resolving trade issues and enhancing mutual confidence.
Positive Outlook for Bilateral Engagement
The atmosphere in the meeting was described as forward-looking and constructive. U.S. officials appreciated Pakistan’s reform agenda, macroeconomic stabilization efforts, and steps toward improving the investment climate.
Both countries committed to maintaining momentum in diplomatic and commercial engagement, encouraging further exchanges between their respective public and private sectors.
Aurangzeb concluded by emphasizing Pakistan’s readiness to align with global economic trends and deepen cooperation with long-standing partners like the United States. With sectors like tech, minerals, and agriculture at the forefront, Pakistan is setting the stage for a broader, more dynamic trade relationship with Washington.
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