The Minister of Finance, Muhammad Aurengzeb, left for the United States to participate in high -level negotiations aimed at concluding the commercial dialogue of Pakistan and the United States, the Ministry of Finance announced in a press release on Monday.
Aurangzeb and the United States commercial representative, Jamieson Greer, launched negotiations through a telephone conference on reciprocal rates in May, agreed to enter technical discussions in the coming weeks. The conversations began after the United States proposed a 29 percent task in Pakistani exports and then temporarily suspended the decision.
For July, conversations in Washington had entered their final phase. Aurengzeb described the dialogue as “very constructive”, emphasizing a shared commitment to solve outstanding problems and move towards the completion of a broad economic framework.
During this visit, the Minister of Finance will lead final discussions with senior US officials, including the Secretary of Commerce Howard Lutnick and the Greer trade representative.
“The objective is to formalize a comprehensive commercial agreement that is expected to generate mutual economic benefits for both nations,” reads the statement.
The Ministry of Finance stressed that robust trade and economic ties remained the backbone of Pak-US’s ties.
He pointed out that the United States remains the largest commercial partner of Pakistan.
“Pakistan is anxious to expand cooperation in non -traditional sectors, such as information technology, agriculture and minerals, all offer significant growth potential,” he added.
He concluded that Pakistan seeks to boost bilateral trade beyond traditional goods by encouraging US investment in critical sectors, including energy and mining.
