Pakistan committed to expanding trade ties with US

Pakistan remains committed to expanding trade ties with the United States and is modifying the regulatory regime to do so, says the country’s US ambassador. Masood Khan gave this assurance at a meeting with the US Soybean Export Council (USSEC) at the Pakistan Embassy on Tuesday. “Pakistan is committed to easing the regulatory regime and facilitating businesses in the country,” he said. “Expanding trade ties with the US remains a foremost priority of the government.” With a bilateral trade volume of $12 billion, the US remains Pakistan’s largest trading partner and export destination. In 2022, Pakistan exported more than $5.9bn worth of goods to the US while importing more than $3.17bn worth of goods from the US. The ambassador assured the USSEC delegation that Pakistan was working with the US business community for enhanced cooperation in the agriculture sector by sharing knowledge, expertise, and research data aimed at enhancing agricultural productivity.