Pakistan and Bangladesh have recognised the potential for closer collaboration in manufacturing, textiles and other areas of mutual economic interest, including through stronger linkages between the private sectors of the two countries.

This understanding was reached during a meeting between Finance Minister Muhammad Aurangzeb and a high-level Bangladeshi delegation led by Finance Adviser Rashed Al Mahmud Titumir in Islamabad today.

The Finance Minister warmly welcomed the delegation and underscored the importance of strengthening economic engagement and institutional cooperation between Pakistan and Bangladesh. He expressed appreciation for the opportunity to exchange views on matters of mutual economic interest and shared development priorities.

During the meeting, both sides exchanged perspectives on the evolving global economic environment, challenges facing developing economies and the importance of maintaining macroeconomic stability while pursuing sustainable and inclusive growth.

The discussions also covered economic reforms, fiscal management, investment promotion and measures to strengthen economic resilience.

Rashed Al Mahmud Titumir shared Bangladesh's economic priorities and reform initiatives, including efforts to promote investment, industrial development and employment generation.

Both sides acknowledged the value of exchanging experiences and best practices in addressing common economic challenges and advancing their respective development objectives.

The meeting also explored opportunities for enhanced bilateral trade, investment, industrial cooperation and connectivity.

The Finance Minister welcomed the proposal for closer institutional engagement, particularly in the areas of public financial management and debt management, and expressed Pakistan's willingness to share its experiences and facilitate technical-level exchanges between the relevant institutions of the two countries.

Both sides reaffirmed their commitment to maintaining regular dialogue and strengthening bilateral economic cooperation through continued engagement and exchange of expertise in areas of mutual interest.