Pakistan assures US of facilitating foreign investment, increasing business engagement

Pakistan’s Finance Minister Muhammad Aurangzeb meets US deputy assistant secretary of the Bureau of South and Central Asian Affairs, Mark Pommersheim (left), in Islamabad on February 11, 2026. (Finance Ministry)
Short Url
Updated 12 February 2026
Follow

Pakistan assures US of facilitating foreign investment, increasing business engagement

  • Finance Minister Muhammad Aurangzeb meets US deputy assistant secretary of South and Central Asian Affairs
  • Both sides discuss Pakistan’s progress in implementing reforms, avenues for increasing economic cooperation

KARACHI: Pakistan’s Finance Minister Muhammad Aurangzeb on Wednesday reaffirmed Islamabad’s commitment to facilitating foreign investment and enhancing engagement with the American business community, the Finance Division said in a statement. 

The statement was issued after Finance Minister Muhammad Aurangzeb met Mark Pommersheim, the US deputy assistant secretary of the Bureau of South and Central Asian Affairs. Pommersheim called on the Pakistani finance minister along with US Chargé d’Affaires Natalie Baker at the Finance Division. 

Both sides discussed Pakistan’s economic outlook, reform agenda and avenues for enhancing bilateral economic cooperation, the statement said. 

“The finance minister reiterated Pakistan’s commitment to facilitating foreign investment and maintaining regular engagement with the US business community, including the US Chamber of Commerce and the American Business Council,” the Finance Division said. 

Aurangzeb informed the US officials about the progress regarding Pakistan’s macroeconomic stabilization reforms. He shared that Pakistan’s fiscal deficit has declined in recent months while the country’s current account has improved due to strong remittance inflows and growth in IT exports.

The finance minister noted that reforms in Pakistan’s state-owned enterprises and “right-sizing” of the public sector are being accelerated to improve efficiency and reduce fiscal risks.

The Finance Division said Pommersheim acknowledged Pakistan’s efforts toward fiscal stabilization, welcoming improvement in key macroeconomic indicators. 

“He emphasized that the United States values a stable and prosperous Pakistan and noted that strengthening the investment climate remains a shared priority,” the statement said. 

“He observed that US businesses are closely watching reform progress and that improved policy consistency would further support commercial engagement.”

Pakistan has sought to re-energize economic diplomacy with Washington as it attempts to enhance its exports, attract foreign investment and stabilize its economy under an International Monetary Fund-backed reform program.

Relations between Pakistan and the US have improved significantly under President Trump’s administration. In July 2025, the two countries agreed to a bilateral trade deal that included reciprocal tariff reductions. 

Since 2025, the two sides have increased diplomatic contacts, including meetings between Prime Minister Shehbaz Sharif, Pakistan’s military leadership and US officials, alongside discussions on trade, minerals, security cooperation and regional stability.


Eight killed as protesters storm US Consulate in Karachi after Iran confirms Khamenei killed

Updated 6 sec ago
Follow

Eight killed as protesters storm US Consulate in Karachi after Iran confirms Khamenei killed

  • Protesters smashed doors, set fire to property as police used tear gas to disperse crowds
  • Protests spread to Shiite-majority areas of Gilgit-Baltistan, UN office torched, curfew imposed

ISLAMABAD: At least eight people were killed in clashes near the US Consulate in Karachi on Sunday, the Edhi Foundation said, as protests erupted across parts of Pakistan following Iran’s confirmation that Supreme Leader Ayatollah Ali Khamenei was killed in joint US–Israeli strikes.

Hundreds of protesters gathered outside the consulate on Sunday afternoon, with some attempting to storm the compound and vandalizing property, according to footage circulating on social media and international news reports.

Videos showed protesters armed with sticks smashing doors and windows. Separate footage appeared to show property inside the consulate premises set on fire. International media outlets reported that police used tear gas and baton charges to disperse the crowd.

“The number of people killed during the firing and unrest near the American Consulate on Mai Kolachi Road has risen to eight,” the Edhi Foundation, a major charity and rescue organization, said in a statement.

Sindh Home Minister Zia-ul-Hassan Lanjar directed authorities to strengthen security around sensitive installations as unrest intensified.

“No one will be allowed to take the law into their own hands,” Lanjar said in a statement issued by his office.

He added that law enforcement agencies were fully alert and monitoring the situation, and vowed that action would be taken in accordance with the law against those disturbing public order.

The violence came hours after Iranian authorities confirmed Khamenei was killed in coordinated strikes carried out by the United States and Israel, dramatically escalating tensions in the Middle East and triggering protests in several countries.

PROTESTS SPREAD

Demonstrations were also reported in Skardu, in Pakistan’s northern Gilgit-Baltistan region, where hundreds of people staged a sit-in on a main road to protest Khamenei’s killing.

Shabbir Mir, spokesperson for the Gilgit-Baltistan chief minister, told Arab News that a United Nations office in the district had been set on fire.

“The protesters have torched an UN office in Skardu,” Mir confirmed.

Gilgit-Baltistan Police announced on its official Facebook page that a curfew had been imposed in the predominantly Shiite district.

The unrest in Pakistan follows a sharp escalation in the Middle East after the United States and Israel launched coordinated strikes in Iran on Saturday.

According to US officials, the operation targeted Revolutionary Guard command facilities, air defense systems, missile and drone launch sites, and military airfields. The US military said it suffered no casualties and reported minimal damage to its bases despite what it described as “hundreds of Iranian missile and drone attacks.”

Iran retaliated by launching missiles and drones toward Israel and targeting US military installations in Bahrain, Kuwait and Qatar. Israeli ally UAE said its air defense systems intercepted dozens of Iranian missiles and drones, but debris from the interceptions caused material damage in Abu Dhabi and Dubai, and at least one civilian, including a Pakistani national, was killed.

The UAE government condemned the strikes as a “blatant violation of national sovereignty and international law,” and issued rare emergency alerts urging residents to seek shelter, underscoring how the conflict has rippled far beyond Iran’s borders. 

The Israeli military said dozens of Iranian missiles were fired toward Israeli territory, many of which were intercepted. Israel’s Magen David Adom rescue service said a woman in the Tel Aviv area died after being wounded in a missile strike.