ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with United States Chargé d’Affaires to Pakistan Ms. Natalie Baker, during which both sides discussed bilateral relations, economic developments, and prospects for enhanced cooperation in trade, investment, and energy.
Ms. Natalie Baker, who called on the minister, highlighted a recent symposium held in Washington, D.C., hosted by the Pakistan Caucus in the US Congress, which brought together policymakers, diaspora representatives, and business leaders to review progress in bilateral ties and explore future opportunities.
She noted the positive trajectory of engagement between the two countries, according to press release issued by finance ministry here.
Ms. Baker reaffirmed US support for Pakistan’s economic reform agenda and appreciated the government’s efforts to stabilize the economy under challenging circumstances.
She emphasized continued US interest in promoting investment in key sectors such as energy, mining, technology, and logistics.
On the occasion, Aurangzeb apprised Ms. Baker of ongoing efforts to manage energy sector challenges, including procurement, pricing mechanisms, and targeted subsidies.
He noted that while supply arrangements were being maintained, the government was working on improving price transmission and ensuring that subsidies are better targeted towards vulnerable segments such as small farmers and public transport users.
He acknowledged the constructive role of US partners and emphasized Pakistan’s openness to facilitating investment and improving the business environment.
He reiterated the government’s focus on structural reforms, export-led growth, and strengthening institutional frameworks.
Discussions also touched upon developments in the energy sector and broader economic outlook, with emphasis on ensuring stability while protecting vulnerable segments of society.
The Minister underscored the broader implications of rising global oil prices on Pakistan’s import bill, inflation outlook, and overall macroeconomic stability.
Both sides discussed Pakistan’s ongoing engagement with international financial institutions and development partners, including efforts to maintain reform momentum under the IMF programme.
The minister reiterated Pakistan’s commitment to fiscal discipline while seeking flexibility in light of evolving global and regional challenges.
Both sides also discussed opportunities for enhancing investment flows, including participation in upcoming international forums such as the SelectUSA Investment Summit. The potential for collaboration in infrastructure development, digital connectivity, and regional trade was also explored.
