Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, was visited by US Chargé d'Affaires in Pakistan Elizabeth Horst at the Finance Division today.
The meeting provided a forum for exchanging opinions on issues of shared interest and reaffirming the promising direction of Pakistan-US bilateral ties.
The Finance Minister conveyed gratitude for the United States' sustained assistance with Pakistan's economic growth. He especially praised the US's sustained support for macroeconomic stability over the last 18 months and the positive trend in bilateral engagement in a number of areas.
The Minister recalled his recent trip to the United States and discussed the highlights of his fruitful meetings in Washington, D.C., with US Trade Representative Ambassador Jamieson Greer and US Secretary of Commerce Howard Lutnick. He praised the positive developments in strengthening the two nations' economic and trade relations.
In addition to highlighting Pakistan's strong desire to expand bilateral cooperation outside of conventional areas, Aurangzeb emphasized the significance of the US as Pakistan's biggest trading partner. He specifically mentioned the encouraging prospects for cooperative efforts in the fields of agriculture, minerals, and information technology.
Horst was also briefed by the Minister on recent macroeconomic data from Pakistan, including as improvements in the country's sovereign rating and a resurgence of investor confidence. He presented the government's reform plan, which focuses on important sectors like energy and taxes and aims to unleash long-term, sustainable economic growth.
Horst was also briefed by the Minister on recent macroeconomic data from Pakistan, including as improvements in the country's sovereign rating and a resurgence of investor confidence. He presented the government's reform plan, which focuses on important sectors like energy and taxes and aims to unleash long-term, sustainable economic growth.
He also provided information on Pakistan's forthcoming intentions to issue the first Panda bond, its successful entry into the Middle Eastern capital markets, and its future access to the USD and EUR markets.
Horst emphasized the US commitment to enhancing trade and economic connections with Pakistan while applauding the government's reform-driven strategy and economic advancements. She expressed hope for a strong and long-lasting business collaboration between the two countries and reaffirmed US support for Pakistan's ongoing political and economic stability.
A shared commitment to leveraging the momentum of ongoing engagements to further strengthen bilateral cooperation marked the end of the meeting.
A shared commitment to leveraging the momentum of ongoing engagements to further strengthen bilateral cooperation marked the end of the meeting.
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