Call for deepening trade ties with US

In a pivotal testimony before the US International Trade Commission (ITC), Ambassador Masood Khan highlighted the vitality of Pakistan’s apparel sector and called for enhanced trade relations with the United States. The US remained Pakistan’s largest goods export market in 2022 at $6 billion, a 13.5 per cent increase from the previous year. One of Pakistan’s largest trading partners, the US also continues to be one of the country’s leading sources of foreign direct investment. Addressing the ITC’s public hearing on Monday, Mr Khan showcased the dynamic growth of Pakistan’s apparel sector, revealing a staggering 54.4pc increase in textiles and apparel exports to $19.3bn in 2021-22. “Embarking on a significant transformation, Pakistan’s apparel sector is strategically positioning itself for substantial growth in exports,” he said.