Pakistan aims to double US trade to $20 billion in five years

Pakistan aims to double its bilateral trade with the United States to $20 billion within the next five years, up from $9.4 billion in the last fiscal year. Deputy Prime Minister and Foreign Minister Ishaq Dar conveyed this goal to a US Congressional and business delegation in Islamabad, emphasizing Pakistan's commitment to strengthening strategic and economic partnerships through enhanced trade and investment. Dar highlighted Pakistan's improving economic indicators, structural reforms, and potential in sectors like AI, critical minerals, energy, and manufacturing, presenting the country as an appealing investment destination. He invited US investors to explore these opportunities, noting the presence of over 80 American companies already in Pakistan as a sign of confidence. Dar stated, "Trade between Pakistan and the US reached $9.4 billion in the last fiscal year... we can double this trade to $20 billion in the next five years." This initiative follows Pakistan's macroeconomic stability after a $7 billion IMF bailout, aiming to shift its relationship with Washington towards a trade-driven partnership.