Latest news with #Aurangzeb
News18
9 hours ago
- Business
- News18
Pakistan finance minister meets US officials amid tariff tensions
Islamabad, Jul 19 (PTI) Pakistan and the US have expressed optimism that the ongoing trade talks would yield positive outcomes, as Finance Minister Muhammad Aurangzeb held meetings with American officials in Washington to enhance trade ties. Pakistan faces a 29 per cent tariff on exports to the US under President Donald Trump's measures against nations with large trade surpluses with his country. The threat prompted a flurry of activities, including Aurangzeb's meetings with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer on Friday. Aurangzeb had a 'productive meeting" with Lutnick and Greer in Washington, DC, with both sides satisfied with progress made in enhancing trade ties, according to a finance ministry overnight statement. 'They (Pakistan and the US) reaffirmed their commitment to exploring opportunities to strengthen these ties in all possible areas of mutual benefit," the statement read. 'Finance Minister Aurangzeb emphasised that the US remains Pakistan's largest trading partner and underscored Pakistan's interest in expanding cooperation in both traditional and non-traditional sectors, including IT and tech sector, minerals, and agriculture, to foster a mutually beneficial relationship." The ministry further added that both parties 'expressed optimism" that ongoing trade talks would yield positive outcomes and economic benefits for Islamabad and Washington. A formal announcement is expected only after the US concludes similar ongoing negotiations with other trade partners. The US-Pakistan ties, which had been under strain, received a major boost after Trump hosted Chief of Army Staff Field Marshal Asim Munir at the White House last month for a lunch and meeting. PTI SH NSA NSA (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 19, 2025, 09:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
15 hours ago
- Business
- Economic Times
Pakistan finance minister meets US officials amid tariff tensions
Pakistan Finance Minister Muhammad Aurangzeb (Centre) Pakistan and the US have expressed optimism that the ongoing trade talks would yield positive outcomes, as Finance Minister Muhammad Aurangzeb held meetings with American officials in Washington to enhance trade ties. Pakistan faces a 29 per cent tariff on exports to the US under President Donald Trump's measures against nations with large trade surpluses with his country. The threat prompted a flurry of activities, including Aurangzeb's meetings with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer on had a "productive meeting" with Lutnick and Greer in Washington, DC, with both sides satisfied with progress made in enhancing trade ties, according to a finance ministry overnight statement."They (Pakistan and the US) reaffirmed their commitment to exploring opportunities to strengthen these ties in all possible areas of mutual benefit," the statement read. "Finance Minister Aurangzeb emphasised that the US remains Pakistan's largest trading partner and underscored Pakistan's interest in expanding cooperation in both traditional and non-traditional sectors, including IT and tech sector, minerals, and agriculture, to foster a mutually beneficial relationship." The ministry further added that both parties "expressed optimism" that ongoing trade talks would yield positive outcomes and economic benefits for Islamabad and meetings took place as Pakistan and the US concluded a critical round of trade negotiations earlier this month, with officials saying an understanding on a tariff deal was reached that could shape the future of Pakistan's key export sectors.A formal announcement is expected only after the US concludes similar ongoing negotiations with other trade partners. The US-Pakistan ties, which had been under strain, received a major boost after Trump hosted Chief of Army Staff Field Marshal Asim Munir at the White House last month for a lunch and meeting.
Time of India
15 hours ago
- Business
- Time of India
Pakistan finance minister meets US officials amid tariff tensions
Pakistan and the US have expressed optimism that the ongoing trade talks would yield positive outcomes, as Finance Minister Muhammad Aurangzeb held meetings with American officials in Washington to enhance trade ties. Pakistan faces a 29 per cent tariff on exports to the US under President Donald Trump 's measures against nations with large trade surpluses with his country. Explore courses from Top Institutes in Select a Course Category CXO Public Policy MBA Data Science Product Management Design Thinking Leadership Others others PGDM Project Management MCA Degree Artificial Intelligence Technology Operations Management healthcare Digital Marketing Data Analytics Data Science Management Healthcare Finance Cybersecurity Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details The threat prompted a flurry of activities, including Aurangzeb's meetings with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer on Friday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Aurangzeb had a "productive meeting" with Lutnick and Greer in Washington, DC, with both sides satisfied with progress made in enhancing trade ties, according to a finance ministry overnight statement. "They (Pakistan and the US) reaffirmed their commitment to exploring opportunities to strengthen these ties in all possible areas of mutual benefit," the statement read. Live Events "Finance Minister Aurangzeb emphasised that the US remains Pakistan's largest trading partner and underscored Pakistan's interest in expanding cooperation in both traditional and non-traditional sectors, including IT and tech sector, minerals, and agriculture, to foster a mutually beneficial relationship." The ministry further added that both parties "expressed optimism" that ongoing trade talks would yield positive outcomes and economic benefits for Islamabad and Washington. The meetings took place as Pakistan and the US concluded a critical round of trade negotiations earlier this month, with officials saying an understanding on a tariff deal was reached that could shape the future of Pakistan's key export sectors. A formal announcement is expected only after the US concludes similar ongoing negotiations with other trade partners. The US-Pakistan ties, which had been under strain, received a major boost after Trump hosted Chief of Army Staff Field Marshal Asim Munir at the White House last month for a lunch and meeting.
The Hindu
a day ago
- Business
- The Hindu
Pakistan says it held productive trade talks in Washington
Pakistan said it held productive trade talks with the U.S. in Washington on Friday (July 18, 2025) to advance economic cooperation, according to a statement from the South Asian country's finance ministry. Finance Minister Muhammad Aurangzeb met U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Ambassador Jamieson Greer, the statement said. "Both sides expressed satisfaction with the progress in enhancing trade and economic ties, a cornerstone of Pakistan-U.S. bilateral relations," the statement added. It said Mr. Aurangzeb emphasized that the U.S. remained Pakistan's largest trading partner. Both sides expressed optimism that ongoing trade talks would yield positive outcomes, benefiting the economies of both countries, the finance ministry said. Pakistan was optimistic that the trade talks would conclude in a week's time after a virtual meeting between Mr. Aurangzeb and Mr. Lutnick late last month. The negotiations, focused on reciprocal tariffs, are part of a broader push to reset economic ties at a time of shifting geopolitical alignments and Pakistan's efforts to avoid steep U.S. duties on exports. Pakistan faces a 29% tariff on exports to the U.S. under President Donald Trump's measures to target countries with large trade surpluses with the U.S. Pakistan's surplus was around $3 billion in 2024. To offset the imbalance and ease tariff pressures, Islamabad has offered to import more U.S. goods, including crude oil, and to open up investment opportunities through concessions for U.S. firms in Pakistan's mining sector. U.S.-Pakistan relations saw a major boost when Trump hosted Pakistan's army chief Field Marshal Asim Munir at the White House last month in an unprecedented meeting.
India Today
a day ago
- Business
- India Today
Pakistan finance minister meets US officials to advance trade negotiations
Pakistan's Finance Minister Muhammad Aurangzeb held productive trade talks with US officials in Washington on Friday, meeting with Commerce Secretary Howard Lutnick and US Trade Representative Ambassador Jamieson Greer to resume bilateral discussions."Both sides expressed satisfaction with the progress in enhancing trade and economic ties, a cornerstone of Pakistan-US bilateral relations," Pakistan's finance ministry said in a statement said Aurangzeb emphasised that the US remained Pakistan's largest trading partner. Both sides expressed optimism that ongoing trade talks would yield positive outcomes, benefiting the economies of both countries, the finance ministry Pakistan faces a 29% tariff on exports to the US under President Donald Trump's measures to target countries with large trade surpluses with the US Pakistan's surplus will be around $3 billion in was optimistic that the trade talks would conclude in a week's time after a virtual meeting between Aurangzeb and Lutnick late last to Reuters, the talks followed an earlier submission by a Pakistani delegation outlining a comprehensive list of US demands, including reductions in both tariff and non-tariff trade Islamabad initially hoped to finalise the deal by early July, sources familiar with the matter say negotiations are taking longer than expected due to the complexity of the requirements. Islamabad has already offered to import more US goods, including crude oil, and to open up investment opportunities through concessions for US firms in Pakistan's mining relations saw a major boost when Trump hosted Pakistan's army chief Field Marshal Asim Munir, at the White House last month in an unprecedented meeting.- EndsMust Watch
