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Finance Minister Muhammad Aurangzeb and US EXIM Bank Chairman John Jovanovic discussed a strategic framework for priority projects, long-term financing and expanded Pakistan-US trade.
Federal Minister for Finance and Revenue Muhammad Aurangzeb has held talks with US EXIM Bank President and Chairman John Jovanovic on expanding economic and commercial ties between Pakistan and the United States, with discussions centred on long-term project financing and bilateral trade.
The meeting in Washington focused on identifying opportunities for US-backed financing of priority projects in Pakistan and increasing trade in key commodities, including cotton, soybeans and hydrocarbons, according to the Ministry of Finance.
Aurangzeb welcomed a proposal by the US EXIM Bank to establish a broader strategic framework that would bring priority projects under one structure and create a multi-year pipeline of potential transactions. The framework is also expected to support greater access to US financing, technology, equipment and related services for projects in Pakistan.
The two sides agreed to identify transactions that could be pursued in the near term and appoint focal persons to coordinate the process. They also expressed an intention to complete the strategic framework at the earliest, with a target of formally signing the agreement on the sidelines of the United Nations General Assembly session in September 2026.
The proposed arrangement could provide a structured mechanism for Pakistan to attract US-backed financing for long-term development initiatives while strengthening commercial links between the two countries.
The discussions come as Islamabad seeks to deepen economic engagement with Washington and expand avenues for investment, trade and development financing. Greater cooperation with US export credit institutions could also help Pakistani projects access international capital, technology and equipment.
The finance ministry said the engagement reflects efforts to broaden Pakistan-US economic cooperation beyond traditional trade and towards longer-term project-based partnerships.
Aurangzeb’s Washington visit includes meetings with US economic and financial institutions as Pakistan continues to explore external financing and investment opportunities. The government has also been working to strengthen bilateral economic ties and improve access to international funding for development and infrastructure projects.
The proposed strategic framework, if finalised, could provide a longer-term basis for collaboration between Pakistan and the US EXIM Bank, with the September UN General Assembly session emerging as a potential milestone for formalising the agreement.
