Pakistan, US agree to diversify ties in different sectors

Finance minister Aurangzeb Khan meets US officials in Washington.

WASHINGTON: Pakistan and the United States have agreed to work on diversifying bilateral ties to different sections such as alternate energy, agriculture, climate resilience and tech industry.

The decision was made during a meeting of Finance minister Aurangzeb Khan and his delegation with US Assistant Secretary Donald Lu and Principal Deputy Assistant Secretary of US State Department Elizabeth Horst at World Bank headquarters in Washington.

The meeting was also attended by Pakistan’s ambassador to the US Masood Khan.

The finance minister briefed the US officials about Pakistan’s reform agenda with a ficus being on streamlining energy sector and fast-tracking privatization process of state-owned enterprises.

The US  delegation a knowledged the vast opportunities of investment in Pakistan for investors from the US and said many firms were already working in Pakistan.

The finance minister is on a key visit to the US as Pakistan wants to enter into another agreement with the International Monetary Fund (IMF). He has indicated that Pakistan was ready to meet the conditions of the international lender including more reforms in the energy sector.

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