Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday said Pakistan and the United States could double bilateral trade to $20 billion within the next five years. He also invited American companies to invest in Pakistan, citing the country’s improving business climate and ongoing economic reforms.
Dar made the remarks while addressing a visiting US Congressional delegation and a high-level American business delegation at the Ministry of Foreign Affairs in Islamabad. He said Pakistan highly values its long-standing strategic and economic partnership with the United States.
The deputy prime minister noted that bilateral trade reached $9.4 billion during the last fiscal year. He expressed confidence that stronger cooperation in trade and investment could significantly increase that figure over the coming years.
Pakistan Promotes Investment Opportunities
Dar said Pakistan believes in fair, balanced and mutually beneficial trade that supports economic growth in both countries. He added that Pakistan remains a major importer of US cotton and soybeans while also providing opportunities for American exporters.
He highlighted growing demand for advanced machinery, technology and capital goods in Pakistan. Moreover, he said American companies are exploring opportunities in artificial intelligence, energy, manufacturing, defence and critical minerals.
Dar also pointed to the Special Investment Facilitation Council (SIFC), describing it as a one-window platform that simplifies investment procedures and improves coordination between government institutions.
Government Seeks Stronger Economic Partnership
The deputy prime minister encouraged American investors to explore opportunities in Pakistan’s special economic zones and technology parks. He assured business leaders that the government would continue providing full support for long-term investments.
Dar also expressed hope that US financial institutions would continue supporting trade and investment initiatives between the two countries. He emphasised that stronger economic cooperation would create shared prosperity and strengthen bilateral relations.
He concluded by urging the visiting delegation to promote Pakistan’s investment potential in the United States. According to Dar, deeper commercial partnerships would benefit businesses, investors and consumers in both countries.
