Pakistan - USA Trades and Cooperation

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“The finance minister shared an overview of Pakistan’s macroeconomic stabilisation, its planned re-entry into international capital markets, and its external debt management strategy,” it said.

He highlighted key investment opportunities in Pakistan’s minerals and energy sectors, and briefed the Treasury leadership on progress and prospects in digital and virtual asset regulation, the statement added.

Aurangzeb also reaffirmed the “depth and strength of bilateral economic engagement” and underscored the importance of continued US support for Pakistan’s programme with the IMF.

 

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Finance Minister Aurangzeb arrives in US on 3-day visit, expected to hold talks on trade, finance, investment​

Anwar Iqbal
July 19, 2026

WASHINGTON: Finance Minister Muhammad Aurangzeb arrived in Washington on Saturday evening for a three-day visit during which he is expected to hold talks with US officials on trade, finance and investment.

Pakistan and the United States will resume negotiations on Monday on a broader bilateral economic partnership, diplomatic sources told Dawn.

During his visit, Aurangzeb is scheduled to meet officials from the Office of the United States Trade Representative (USTR), the US Export-Import Bank, the US International Development Finance Corporation (DFC), and the International Monetary Fund (IMF), sources said.

A key focus of the visit will be discussions on the framework for a potential bilateral trade agreement aimed at expanding trade and investment between the two countries. The talks are expected to cover tariffs, market access, investment opportunities and broader economic cooperation.

Meetings with the Exim Bank and the DFC are also expected to explore avenues for financing infrastructure, energy and private-sector investment projects in Pakistan.

Aurangzeb’s visit comes as Pakistani and US officials continue negotiations over the global tariff regime announced by US President Donald Trump on April 2, 2025, under the International Emergency Economic Powers Act (IEEPA), which initially imposed a 29 per cent tariff on Pakistani exports.

A Pakistani delegation that visited Washington in July 2025 succeeded in persuading US officials to reduce the proposed tariff from 29 per cent to 19pc.

 

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Imports from US surge to $3.2bn in FY26​

Mubarak Zeb Khan
August 2, 2026

ISLAMABAD: Pakistan’s merchandise exports to North America grew 1.32 per cent to $6.503 billion in FY26 from $6.418bn the last year.

Imports from the region, however, rose 6.52pc to $3.822bn from $3.588bn.

Under the new agreement, Pakistan will import additional goods from the US to balance the trade deficit. As a result of this agreement, imports from the region, especially the US, grew sharply during the year.

However, exports to Canada declined. Imports under the agreement grew by nearly 39pc in FY26, while Pakistan’s exports to the US grew by a paltry 1.55pc.

Trump tariffs reshape trade landscape

The development comes amid policy shifts by US President Donald Trump, who has imposed additional tariffs while extending limited relief to Pakistan under a reciprocal arrangement.

Under the understanding, Pakistan is expected to increase imports of oil and other commodities from the US to narrow the bilateral trade gap.

The US remained the dominant market, accounting for nearly 94pc of Pakistan’s total exports to North America, with the remaining share going mainly to Canada and other countries.

In FY25, Pakistan’s merchandise exports to North America rose by 9.97pc to $6.415bn, up from $5.833bn in the corresponding period of the previous year, driven mainly by higher textile and clothing shipments to the US, according to data compiled by the State Bank of Pakistan.