Pakistan is looking for breakthroughs in agriculture and information technology during the first ministerial-level meeting of a Pak-US trade and investment body in seven years, Commerce Minister Syed Naveed Qamar said on Tuesday.

Qamar will meet on Thursday with US Trade Representative Katherine Tai and other senior US officials under the US-Pakistan Trade and Investment Framework Agreement (TIFA).

Qamar told Reuters the meeting would strengthen ties between the two countries that had been strained in recent years by political tensions, and could help boost bilateral trade in goods and services, which the Pakistani embassy said now totalled about $12 billion.

“It is important that we start talking,” he said. “These were supposed to be annual meetings, but for one reason or another, they have been on the backburner for so long. Now that we are starting, there are many areas where we expect some breakthroughs, and that is on both sides.”

No comment was immediately available from Tai’s office, which included the meeting in its public calendar.

Qamar said Pakistan was looking to increase its exports of mangoes to the United States, and ensure smooth, increased trade in information technology and computer programming services. The US side was looking to boost exports of beef and soybeans.

“When we talk about trade, we’re talking about the entire spectrum, but we’re focusing on these things because that’s where things would start happening right away,” he said.

Pakistan also hoped to attract more US investment, with a particular focus on IT and pharmaceuticals, after a long lull during which China became the dominant investor, he said.

“What we don’t want is for one country to have an open field. We want that this should be an open competitive environment,” he said.

Pakistan was well-placed to help diversify US supply chains that were dependent on China before Covid-19, but have started to shift toward other regional suppliers. It could serve as a gateway to Central Asia, Qamar said.

Opinion

Editorial

Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...
Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...