Pakistan-US economic partnership key to lasting ties, envoy says

WASHINGTON: Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh, has said that a stronger economic partnership between Pakistan and the United States can serve as the foundation for long-term bilateral relations, as both countries seek to deepen cooperation in trade, investment and development.

The ambassador made the remarks during a meeting with Benjamin Black, Chief Executive Officer of the US International Development Finance Corporation (DFC), where the two sides discussed ways to expand collaboration on investment and development initiatives.

According to a statement, the meeting focused on strengthening institutional cooperation between Pakistan and the DFC, with particular emphasis on identifying new opportunities for economic engagement. Both sides exchanged views on promoting sustainable investment, supporting private sector growth and encouraging development projects that could benefit Pakistan’s economy.

During the meeting, Ambassador Rizwan Saeed Sheikh presented Benjamin Black with “Trivonda,” a football manufactured in Pakistan for FIFA competitions. The gift highlighted Pakistan’s internationally recognized sports manufacturing industry, particularly the city of Sialkot, which is renowned for producing world-class footballs used in major international tournaments.

The symbolic gesture also underscored Pakistan’s manufacturing expertise and its potential to expand exports to global markets through stronger commercial partnerships with the United States.

The discussions come at a time when Islamabad and Washington are exploring ways to broaden economic cooperation beyond traditional diplomatic engagement. In recent months, both countries have shown renewed interest in increasing bilateral trade, attracting investment and creating opportunities for collaboration in infrastructure, energy, technology and industrial development.

Officials believe closer engagement with institutions such as the DFC could help mobilize investment for priority sectors in Pakistan while supporting sustainable economic growth and job creation.

Ambassador Rizwan Saeed Sheikh emphasized that a robust economic partnership would not only strengthen commercial ties but also contribute to building a durable and mutually beneficial relationship between the two countries. He noted that expanding investment and business cooperation remains an important pillar of Pakistan-US relations.

The meeting reflects ongoing efforts by both governments to reinforce economic diplomacy and encourage greater participation by the private sector. Analysts say enhanced cooperation with the DFC could open new avenues for investment and help further diversify Pakistan’s economic engagement with the United States.

As Islamabad seeks to attract foreign investment and boost exports, officials view stronger collaboration with American financial institutions as a significant step toward achieving long-term economic stability and deepening bilateral ties.