US envoy says trade deal offers major boost for Pak-US economic ties

US Chargé d’Affaires in Islamabad Natalie Baker on Friday said the recently concluded trade agreement between the United States and Pakistan presents a significant opportunity to expand bilateral trade.

According to the Finance Division, Ms Baker called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and discussed avenues to enhance commerce, investment, and cooperation between the two countries.

The US envoy noted that American companies were showing strong interest in Pakistan’s supply chain, production, project management, energy, critical minerals, mining, and oil exploration sectors.

Mr Aurangzeb said Pakistan’s economy had “turned a corner”, pointing to a recent Moody’s upgrade — which aligned all three major international rating agencies in their assessments — as evidence of the success of government-led reforms. He highlighted the implementation of bold tariff reforms aimed at liberalising trade and steering the country towards export-led growth.

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The minister thanked Washington for its economic and development support and recalled his recent visit to the US, where he held talks with senior officials, including Commerce Secretary Howard Lutnick and Trade Representative Ambassador Jamieson Greer, to finalise the agreement.

He said the deal would usher in a new era of economic cooperation, particularly in energy, mines and minerals, IT, cryptocurrency, and other sectors, while attracting investment and expanding market access. Both sides reaffirmed their commitment to advancing these initiatives for mutual benefit.