Pakistan Seeks Dialogue with U.S. to Address Trade Deficit: Finance Minister

News Desk
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Pakistan’s Finance Minister Senator Muhammad Aurangzeb has said that the government is keen to engage in constructive dialogue with the United States to address the ongoing trade deficit between the two countries. Speaking at an event hosted by the Atlantic Council in Washington, the minister indicated that a high-level Pakistani delegation is expected to visit the U.S. soon to discuss trade and economic cooperation.

In his address, Aurangzeb emphasized the need to remove tariff-related barriers and expressed Pakistan’s willingness to review any unnecessary checks or restrictions on American goods entering the Pakistani market.

Earlier, the Finance Minister met with Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, where he requested the immediate disbursement of pending dues under the Saudi oil facility. He also sought financial assistance from the Fund for the Karachi-Quetta N-25 highway project.

In another key meeting, Minister Aurangzeb met with Martin Raiser, Vice President of the World Bank for South Asia. The two discussed strategies to increase private sector investment in Pakistan, with a focus on boosting employment opportunities.

The Finance Minister also reassured the International Monetary Fund (IMF) of Pakistan’s commitment to continuing structural reforms aimed at stabilizing the economy and achieving sustainable growth.

The visit underscores Pakistan’s proactive outreach to international partners and financial institutions as it navigates economic challenges and seeks to bolster investment and trade relations.

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