WASHINGTON: Finance Minister Muhammad Aurangzeb has underscored Pakistan’s interest in expanding cooperation in both traditional and non-traditional sectors with United States including IT, minerals, and agriculture to foster a mutually beneficial relationship.
The finance minister was leading a delegation which held productive meeting with US Secretary of Commerce Howard Lutnick and United States Trade Representative Ambassador Jamieson Greer in Washington D.C. on Friday.
He highlighted that the United States remains Pakistan’s largest trading partner.
Both sides expressed satisfaction with the progress in enhancing trade and economic ties, a cornerstone of Pakistan-US bilateral relations.
They reaffirmed their commitment to exploring opportunities to strengthen these ties in all possible areas of mutual benefit.
Both parties also expressed optimism that ongoing trade talks would yield positive outcomes, benefiting the economies of both countries.
Earlier in the day, Pakistan recorded a current account surplus of $2.1 billion in the fiscal year 2024–25 — its first annual surplus in 14 years.
This marks a sharp reversal from the $2.07 billion deficit posted in FY24, according to data released by the State Bank of Pakistan.
In a post on X (formerly Twitter), the SBP confirmed, “Current account balance recorded a surplus of $2.1 billion during FY25 compared to a deficit of $2.1 billion during FY24.”
