Dar sees Pakistan-US trade doubling to $20bn in five years

Ishaq Dar discusses Pakistan-US trade and investment opportunities with American lawmakers in Islamabad
Ishaq Dar outlines Pakistan’s plan to expand trade and investment ties with the United States.
Published July 28, 2026 12:00 AM
ISLAMABAD (Web Desk): Pakistan-US trade could double to $20bn in five years, Deputy Prime Minister Ishaq Dar said while meeting US lawmakers and business representatives.

Dar said Pakistan was confident that stronger economic cooperation could help increase bilateral trade from its current level.

Goods trade between Pakistan and the United States reached $9.4bn during the last fiscal year, according to the deputy prime minister.

The United States remains Pakistan’s largest single-country export market. Dar said this existing trade relationship gives both countries a strong base for further growth.

He described stronger economic links as an important sign of a mature strategic partnership. He also stressed that both countries could benefit from their different economic strengths.

Pakistan sees wider investment opportunities

Dar said Pakistan is already a major buyer of US cotton and is becoming an important market for American hydrocarbons.

He added that rising demand for machinery, technology and capital goods could create major opportunities for US companies.

More than 80 US companies are already operating in Pakistan. Dar said their presence showed confidence in the country’s market and long-term economic potential.

He also pointed to Pakistan’s improving economic outlook and ongoing structural reforms. According to him, these changes could create better conditions for new foreign investment.

The government has established the Special Investment Facilitation Council, or SIFC, to help investors through a “one-window facility”.

Dar encouraged US businesses to work with the SIFC and explore partnerships with Pakistani companies.

He said Pakistan wants greater cooperation in IT, artificial intelligence, energy, manufacturing, critical minerals and agriculture.

Pakistan seeks stronger US investment

Dar said regulatory procedures have been simplified and transparency improved to make Pakistan more business-friendly.

He added that the government is also working to improve infrastructure and connectivity while remaining open to competitive incentives for foreign investors.

“Our objective is to make it easier for businesses to start, operate and expand in Pakistan,” Dar said.

The deputy prime minister also sought continued support from US financial and development institutions.

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He highlighted $1.25bn in financing from the US Export-Import Bank for the Reko Diq project, calling it a possible starting point for further American investment.

Dar said Pakistan’s embassy and consulates in the United States would continue helping American investors after they return home.

Dar also met US lawmakers Ryan Zinke and Michael James Baumgartner in Islamabad.

The discussions covered trade, investment, IT, energy and other areas where Pakistan and the United States can expand cooperation.

The visiting lawmakers recognised the contribution of the Pakistani diaspora to the US economy and society.

Both sides also stressed the importance of continued parliamentary exchanges to build trust and strengthen bilateral relations.

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