US-Pakistan Economic Ties: A Partnership for Growth

Islamabad:Chargé d’Affaires Natalie Baker recently emphasized the significance of US-Pakistan economic ties at the Fifth Pakistan-America Business Forum Summit. She highlighted the importance of private sector collaboration in fostering growth and resilience in both nations.¹

The US is Pakistan’s largest export market, accounting for 16% of its total exports. Over the last decade, US-Pakistan trade has grown substantially, driven by strong partnerships and American investments that have contributed to job creation and community development. Notably, over 80 US firms in Pakistan directly employ 120,000 people and indirectly support over a million livelihoods.

Baker acknowledged Pakistan’s potential, particularly its dynamic young population and emerging opportunities in technology, trade, climate resilience, and security. She emphasized the importance of unlocking the potential of the private sector to drive Pakistan’s growth.

To support this growth, key initiatives like USAID’s Pakistan Investment Promotion Activity have facilitated foreign direct investment and bolstered bilateral trade by millions. Baker encouraged Pakistani businesses to engage with programs like SelectUSA, which promote investment in the United States.

The summit served as a platform for fostering new collaborations and reaffirming the critical role of economic diplomacy in the bilateral relationship. As Baker noted, “This summit is a testament to our shared commitment to a brighter, more prosperous future for both our countries”.