Washington: Finance Minister Muhammad Aurangzeb has highlighted the crucial need for bolstering economic relations between Pakistan and the United States, focusing on increased trade and investment flows. His remarks came during discussions with United States Trade Representative Ambassador Jamieson Greer on the sidelines of the World Bank-IMF Spring Meetings.

According to Radio Pakistan, the Finance Minister stressed Pakistan’s dedication to creating a favorable business environment and enhancing market access to nurture sustainable economic partnerships. Both parties expressed satisfaction with the progress of ongoing trade negotiations and recognized the positive trajectory of bilateral economic engagement.

They reiterated their mutual commitment to strengthening cooperation, aiming for mutually beneficial outcomes that support long-term economic growth. In a separate meeting with the Managing Director of the Multilateral Investment Guarantee Agency, Tsutomu Yamamoto, the Finance Minister welcomed a proposed short-term trade finance facility of up to $500 million. He highlighted its significance for financing essential imports such as food, fertilizer, energy, and machinery, advocating for swift action to meet Pakistan’s external financing needs.