While speaking at an event arranged to commemorate the 247th year of US Independence Day, he declared that Pakistan and the US have taken genuine steps to restore their relations, putting aside any reservations and misunderstandings.
As the head of the government and a Pakistani, he vowed to work personally to build closer ties with the US based on mutual respect and trust.
"Although there have been ups and downs in our relationship over the last 75 years, overall we have been very good friends," he added.
According to him, the US is Pakistan's main business partner and a dependable ally in the fight against terrorism.
According to PM Shehbaz, Pakistan lost 80,000 people from all walks of life in the war against terrorism. He said that Pakistan's resolve was made clear by this unmatched sacrifice and that the US has been a valuable ally and partner in this struggle.
He said that roughly five years ago when Pakistan was experiencing significant power shortages, the government set up five LNG-based power plants with a combined output of 5,000 megawatts, all of whose machinery was imported from the US.
He claimed that there was a lot of ground for both nations to cover in order to deepen their relations in a variety of industries, including information technology and agriculture.
He continued by saying that while Pakistan's youth bulge and plenty of talent posed challenges, they could also serve as opportunities with the help and participation of the United States.
The American government received plaudits from the prime minister for its assistance after last year's disastrous floods.
We appreciate the US's contribution, which was the largest contributor and crucial in helping millions of flood victims, the official continued.
On the 247th anniversary of the Declaration of Independence, Prime Minister Shehbaz congratulated President Joe Biden, the American people, and the government.
He expressed excitement for high-level US delegation trips to further advance relations.
Donald Blome, the US ambassador to Pakistan, stated that the US and Pakistan's economic relationship was growing.
During a ministerial discussion, he noted that the US had been a key investor in Pakistan and its top export market and that both nations had made considerable strides in opening up their markets to more goods and services.