Pakistan is trying to expand commercial and investment ties with the United States, focusing on increasing imports and reducing non -tariff barriers, said finance minister Muhammad Aurangzeb, in an interview with Bloomberg News.
Aurengzeb declared that Islamabad aims to buy more American products, particularly cotton and soybeans, and is open to review the regulatory processes that can hinder US exports to Pakistan.
The measure is part of the broader strategy of Pakistan to relieve tensions on the high rates imposed during the administration of former president of the United States, Donald Trump.
Although reciprocal rates of 29% are currently waiting until July, Pakistan is preparing to send a formal trade delegation to Washington in an effort to improve market access and balance trade.
The United States remains the largest export market in Pakistan, representing more than $ 5 billion in annual exports from 2024, while the imports of the USA. UU. Totan of around $ 2.1 billion.
Aurengzeb also highlighted the opening of Pakistan for foreign direct investment of US companies, especially in mineral and miners sectors, which have recently opened to foreign investors.
During his trip of almost a week, the Minister of Finance reiterated Pakistan’s commitment to long -term economic stability. He emphasized the government’s intention to move away from the financial crises cycle and follow sustainable growth.
As part of its broader financing strategy, Pakistan plans to launch its first panda bonus, directing between $ 200 million and $ 250 million, in the fourth quarter of 2025.
The economy of the country is recovering from an almost defect in 2023. Last month, Pakistan received the initial approval of a loan of $ 2.3 billion of the International Monetary Fund (IMF), providing financial support until 2027.
The global Credit Fitch rating agency recently improved Pakistan’s credit perspective, citing better economic stability and a reform impulse under the IMF program.
