ISLAMABAD – Federal Finance Minister Muhammad Aurangzeb has confirmed that Pakistan and the U.S. are actively advancing talks aimed at fortifying a strategic economic partnership. These conversations focus on addressing reciprocal tariffs, correcting trade imbalances, and attracting higher levels of mutual investment.
Aurangzeb shared that a well-prepared delegation, featuring senior trade and finance officials, is set to visit Washington to engage in detailed, technical discussions. The agenda includes:
- Seeking relief from proposed U.S. tariffs—up to 29% on Pakistani goods—by addressing underlying trade disparities
- Pushing for smoother market access, especially in agricultural and textile sectors
- Offering assurances of reforms at home, including efforts to streamline taxes, modernize regulatory frameworks, and open up opportunities for foreign capital
Highlighting Pakistan’s readiness, Aurangzeb pointed to recent macroeconomic improvements—such as stabilised foreign reserves, controlled inflation, and sectoral reforms—as evidence of a growth environment that benefits both nations.
He also emphasised ongoing outreach to the Pakistani diaspora in the U.S., noting their critical role in bringing investments and expertise into Pakistan’s booming sectors, especially IT and mining.
Both Islamabad and Washington have committed to regular follow-ups, aiming toward tangible agreements that support export growth, protect key industries, and deepen financial and commercial collaboration.
This story has been reported by PakTribune. All rights reserved.