The Chargé d' Affaires of the Embassy of the United States, Natalie Baker on Friday called on Federal Minister for Finance, Muhammad Aurangzeb wherein they discussed matters of mutual interest, including avenues for enhancing bilateral trade, commerce, and US investment in Pakistan.
According to a press release issued by the finance ministry, Aurangzeb stated that Pakistan's economy had "turned a corner," noting that the recent upgrade by Moody's, aligning all three major international rating agencies in their assessment of Pakistan's economic performance, was clear evidence that the hard and necessary reforms undertaken by the government were yielding positive results.
He highlighted Pakistan's bold and much-needed tariff reforms aimed at liberalising trade and steering the country towards export-led growth. He recalled his recent visit to Washington, where he had constructive engagements with the US Secretary of Commerce Howard Lutnick and US Trade Representative Ambassador Jamieson Greer to finalise the trade agreement between both countries.
The minister emphasised that the agreement would usher in a new era of economic collaboration, particularly in energy, mines and minerals, IT, cryptocurrency, and other sectors, while expanding market access, attracting investment, and fostering cooperation in areas of mutual interest.
He expressed hope that the deal would lead to increased US investment in Pakistan's infrastructure, development projects, and digital and mining sectors.
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