US Treasury Secretary Welcomes Pakistan's Economic Reforms, Return to Capital Markets

U.S. Treasury Secretary Scott Bessent has expressed approval of Pakistan's economic reforms and its preparations to re-enter international capital markets. During a meeting with Finance Minister Muhammad Aurangzeb, Bessent welcomed the progress made in restoring macroeconomic stability and advancing fiscal consolidation.

According to a Treasury statement, Bessent emphasized the importance of Pakistan's continued reforms aimed at achieving greater economic self-reliance, boosting growth, and strengthening resilience. He commended the government's commitment to creating conditions conducive to a successful return to global financial markets.

Finance Minister Aurangzeb highlighted Pakistan's transition from macroeconomic stabilization to sustainable, export-led growth. He also noted the economy's vulnerability to regional geopolitical developments and sought increased U.S. support for Pakistan's market access strategy. This strategy relies on improved access to international capital markets, higher foreign exchange reserves, and enhanced sovereign credit ratings.

Both officials reaffirmed their commitment to strengthening bilateral economic cooperation, encouraging greater U.S. investment, and advancing strategic projects. The Treasury statement did not, however, address Pakistan's request for a $10 billion exchange stabilization facility.