Finance Minister Muhammad Aurangzeb announced he will travel to the United States next week to advance economic engagement. The visit comes as Pakistan reassesses trade strategy following agreements between Washington, New Delhi, and Bangladesh. The move is critical for Pakistan’s export-driven sectors, especially textiles, which dominate US-bound shipments.
The United States remains Pakistan’s largest single-country export destination, accounting for 18 percent of total exports or about $5.8 billion in FY2024-25. Textiles and garments constitute 82 percent of these exports, making uninterrupted access to the US market strategically vital. Aurangzeb stressed the need for Pakistan to adapt to the “new world order” to safeguard industrial competitiveness.
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Local industry has actively sought government support amid trade shifts. The Pakistan Textile Council and All Pakistan Textile Mills Association submitted letters requesting improved trade arrangements with the US. Aurangzeb said discussions with industry representatives will focus on revenue models, productivity improvements, and aligning trade policies with global changes.
Aurangzeb also highlighted broader economic priorities, emphasizing export-led growth amid external constraints. He mentioned Pakistan continues to approach the IMF and cited stabilisation achievements, including timely Eurobond repayments. He further noted industrial activity is recovering due to favorable monetary measures and expects policy rates to decline if inflation remains under control.
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The finance minister addressed domestic concerns, including population-based allocations under the NFC Award and climate change challenges. He reiterated the government’s commitment to empowering the private sector and pledged full support to ensure sustainable growth. Aurangzeb framed the US visit as a key step to protect and expand Pakistan’s strategic trade interests.