Aurangzeb urges stronger, constructive trade ties with the US economy

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Ubaid

Finance Minister Aurangzeb recently emphasized the importance of strengthening trade ties between Pakistan and the United States. During his visit to Washington, Aurangzeb held several meetings with senior US officials to discuss ways to boost economic cooperation.

Aurangzeb highlighted the US as Pakistan’s largest trading partner and expressed a strong desire for a “constructive dialogue” on trade and investment issues. He said some matters still require detailed discussion, and Pakistan’s leadership will announce key decisions soon.

The Finance Minister met with US Treasury Secretary Howard Lutonk and US Trade Representative Jameson Grey. Both sides agreed to work towards a stable and comprehensive economic partnership. Their talks focused on expanding bilateral trade, easing investment flows, and tackling tariff and non-tariff barriers.

According to sources, the US requested Pakistan to implement specific reforms. These include reducing import tariffs and removing regulatory hurdles that affect American businesses. Aurangzeb assured that Pakistan is ready to present a policy framework soon to support these changes.

Aurangzeb’s visit comes at a crucial time, with the US seeking concrete progress on trade agreements ahead of an important August deadline. The Finance Minister conveyed Pakistan’s commitment to removing trade obstacles and encouraging foreign investment.

Both parties expressed satisfaction over recent progress, especially in sectors like energy, technology, and agriculture. Aurangzeb said these areas show great potential for future cooperation.

Overall, Finance Minister Aurangzeb’s efforts reflect Pakistan’s focus on building a stronger economic relationship with the US. This partnership aims to benefit both countries through increased trade and investment opportunities. The upcoming announcements are expected to clarify Pakistan’s trade strategy moving forward.
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