Aurangzeb, US envoy discuss economic cooperation, investment prospects

Federal Minister for Finance and Revenue Muhammad Aurangzeb on Thursday held talks with the United States Chargé d’Affaires to Pakistan Natalie Baker, focusing on bilateral economic cooperation, trade, and investment opportunities.

The meeting, held at the Finance Division, reviewed Pakistan-US relations, ongoing economic developments, and avenues to expand collaboration in key sectors, including energy.

Baker highlighted a recent symposium in Washington hosted by the Pakistan Caucus in the US Congress, bringing together policymakers, diaspora members, and business leaders to explore future cooperation. She noted a positive trajectory in bilateral engagement.

READ MORE: IFC commits $2.7bn to Pakistan amid focus on private sector

Aurangzeb briefed the US side on the government’s efforts to manage energy sector challenges, including procurement, pricing mechanisms, and targeted subsidies. He said the government is working to improve price transmission while ensuring subsidies reach vulnerable segments such as small farmers and public transport users.

The finance minister also pointed to the impact of rising global oil prices on Pakistan’s import bill, inflation outlook, and broader macroeconomic stability.

Discussions covered Pakistan’s engagement with international financial institutions, including progress under the IMF programme. Aurangzeb reiterated the government’s commitment to fiscal discipline while seeking flexibility amid evolving global and regional challenges.

Baker reaffirmed US support for Pakistan’s economic reform agenda and expressed interest in promoting investment in sectors such as energy, mining, technology, and logistics.

Both sides also discussed enhancing investment flows, including participation in upcoming international platforms such as the SelectUSA Investment Summit, as well as collaboration on infrastructure, digital connectivity, and regional trade.

Aurangzeb underscored Pakistan’s focus on structural reforms, export-led growth, and improving the business environment to attract foreign investment.