{
  "id": 14679909,
  "title": "Pakistan Changes Economic Plan",
  "url": "https://urgent.news/2026/10/15/pakistan-changes-economic-plan",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-15T11:13:02.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/15/pakistan-changes-economic-plan/"
  },
  "original_language": "en",
  "account": "Pakistan is transitioning its economic strategy from reliance on foreign aid to fostering trade and investment within its bilateral partnerships, according to Finance Minister Muhammad Aurangzeb. In an interview with Channel News Asia, Aurangzeb highlighted the country's commitment to strengthening economic ties with key nations such as China, the United States, and Gulf Cooperation Council (GCC) countries, alongside exploring new regional markets. Despite gratitude for past support from Gulf partners, Aurangzeb emphasized a shift towards building stronger trade and investment relationships. Remittances from the Gulf and other overseas Pakistanis amounted to $41.6 billion in the previous year, with projections indicating a rise to $44 billion this year. Discussing bilateral relations, Aurangzeb described Pakistan's approach to China and the United States as a \"and-and\" strategy, indicating a cooperative stance rather than prioritizing one over the other. The first phase of the China-Pakistan Economic Corridor (CPEC) has focused on establishing foundational infrastructure like roads, ports, and independent power projects. The subsequent phase aims to generate increased economic returns through business-to-business collaborations, joint ventures, and export-oriented production. Aurangzeb also underscored efforts to enhance economic cooperation with the United States and foster bilateral economic ties. In terms of regional trade, the finance minister discussed potential avenues for expanding economic engagement with GCC countries, Central Asian republics, and the Association of Southeast Asian Nations (ASEAN). He noted that growing fragmentation in global trade presents opportunities for Pakistan to explore new regional markets and diversify its trade relationships. Although the United States remains Pakistan's largest trading partner, followed by the European Union, Aurangzeb stressed the growing significance of regional collaboration amid geopolitical tensions and disruptions to global commerce. Aurangzeb concluded by emphasizing Pakistan's pursuit of stronger regional partnerships to bolster trade resilience, mitigate exposure to external shocks, and uncover fresh opportunities for trade and investment.",
  "summary": "Pakistan is planning a shift from foreign aid to trade and investment across its bilateral partnerships, Finance Minister Muhammad Aurangzeb … Read More The post Pakistan Changes Economic Plan appeared first on ProPakistani .",
  "key_points": [
    "Pakistan shifts economic focus from foreign aid to trade and investment.",
    "Finance Minister Aurangzeb highlights strengthening ties with China, US, GCC.",
    "Remittances from Gulf and overseas Pakistanis projected to rise to $44 billion."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}