Aurangzeb eyes ‘game-changer’ investment discussions with US

Published July 19, 2025
Finance Minister Muhammad Aurangzeb speaks in a video statement issued after meeting with US officials in Washington on July 18, 2025 as part of a round of trade talks. — screengrab via X/RadioPakistan
Finance Minister Muhammad Aurangzeb speaks in a video statement issued after meeting with US officials in Washington on July 18, 2025 as part of a round of trade talks. — screengrab via X/RadioPakistan

Finance Minister Muhammad Aurangzeb has said the government aims to follow the ongoing trade talks with the United States by discussing investment, terming it a potential “game-changer” for economic ties between the two countries.

He made the remarks after meeting with US Secretary of Commerce Howard Lutnick and Trade Representative Ambassador Jamieson Greer on Friday as part of a critical round of trade talks aimed at securing tariff relief and expanding bilateral economic cooperation.

“One thing we discussed was that we have to move beyond the immediate trade imperative, which is obviously very critical, but besides that, for the Pakistan-US relationship to be brought to the next level and bring in a real step change, [there is] an investment imperative that will hopefully emerge,” Aurangzeb said in a video statement.

“Areas [for investment] have already been identified,” the minister said, mentioning minerals and mining, artificial intelligence, digital infrastructure and cryptocurrency.

“We feel this will be a real game-changer, God-willing, in terms of the economic relationship between Pakistan and the United States.”

Aurangzeb added that both sides committed to begin their talks with trade and follow them through “very quickly with investment discussions between the two countries and real execution of the investment upside that is available, so that it becomes a win-win” for Pakistan and the US.

The minister termed his dialogue with Lutnick and Greer “very constructive”. Pakistan’s Ambassador to the US Rizwan Saeed Sheikh and Commerce Secretary Jawad Paul, who were present during the meeting, accompanied Aurangzeb in the video statement.

“Positive progress over the last few weeks and months was reviewed. Equally importantly, we focused on the slightly outstanding aspects,” the finance czar said, adding there was a clear commitment from both sides to “get closure” on those items.

The minister highlighted that as the US was Pakistan’s largest trading partner, it was quite critical to move forward in the “same spirit” in which the recent discussions had taken place.

“In the next few days, we hope that the coming leadership-level announcements will reflect all the hard work and efforts that have been put in both by Pakistan and the US side,” Aurangzeb said.

Pakistan aims to finalise a long-term reciprocal tariff agreement that would prevent the re-imposition of a 29 per cent tariff on Pakistani exports — primarily textiles and agricultural products. While Trump has announced tariffs for some countries, talks with others are ongoing ahead of his extended August 1 deadline.

Earlier this month, the countries reached an initial understanding on a deal that could shape the future of the country’s key export sectors. A formal announcement on any deal is expected only after the US concludes similar ongoing negotiations with other trade partners.

A source close to the US administration has mentioned a further deadline: “The president wants concrete deliverables before the August 15 deadline. Countries that stall may find themselves on the wrong end of a tariff wall.”

A senior Pakistani official involved in the negotiations said: “We’re not here for aid. We’re here for serious negotiations and a possible deal. It’s about mutual benefit now — trade, not dependence.”

Behind the scenes, influential US-based businessmen with stakes in cryptocurrency and rare earth mineral ventures have quietly supported Pakistan’s efforts to gain greater access to American markets.

In April, the Pakistan Crypto Council (PCC) partnered with World Liberty Financial (WLF), a decentralised finance platform backed by US President Donald Trump. Earlier that month, a US delegation expressed Washington’s strategic interest in the country’s mineral sector.

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