Ahsan Iqbal seeks stronger US-Pakistan ties across key sectors

Minister for Planning and Development, Ahsan Iqbal, has expressed the intent to strengthen partnership with the United States across key sectors, including economy, climate change, science and technology, agriculture, education, and health.

Speaking at a USAID event in Islamabad today, Iqbal highlighted the opportunity for both nations to revitalise their relationship in light of a new US administration. He emphasised the need to adapt to a rapidly changing world by building on existing ties and expanding cooperation.

The Minister noted that the US remains one of Pakistan’s largest trading partners, with bilateral trade surpassing $6.5 billion in 2023. Key exports from Pakistan, such as textiles, surgical instruments, and IT services, play a significant role in the country’s economy. However, Iqbal stressed that there is significant untapped potential for further growth.

“There is vast potential for growth,” Iqbal said, adding that enhancing trade relations could create jobs, spur innovation, and strengthen economic resilience.

The Minister also proposed addressing trade barriers and promoting joint ventures as steps towards fostering a stronger, mutually beneficial economic partnership. While bilateral relations have progressed, he called for mutual respect between the two countries, underlining that both should work together to confront shared challenges.

Iqbal also reiterated Pakistan's commitment to reviving the US-Pakistan Knowledge Corridor project. He described it as a key initiative for advancing research partnerships, academic exchanges, and dual degree programmes, with the potential to bolster Pakistan’s intellectual and technological infrastructure.

“This initiative can help Pakistan develop its knowledge-based economy,” he said.

The Minister concluded that a deeper and more diversified relationship between Pakistan and the US would be crucial for addressing global challenges and ensuring regional stability.