Pakistan’s PM Urges Stronger Trade Ties with US

Fri Sep 27 2024
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NEW YORK CITY: Prime Minister Muhammad Shehbaz Sharif has highlighted the importance of strengthening trade and investment ties between Pakistan and the United States.

He made these remarks while meeting with a delegation from the US-Pakistan Business Council during the 79th Session of the United Nations General Assembly in New York.

The delegation included the council’s president, senior officials, and corporate leaders from prominent US companies. The Prime Minister emphasized that attracting US foreign investment across all sectors of Pakistan’s economy is a top priority for his government. He noted the government’s commitment to enhancing the ease of doing business in Pakistan and welcomed suggestions from the corporate sector.

During the meeting, Prime Minister Sharif introduced the Special Investment Facilitation Council (SIFC), designed to boost investor confidence and accelerate project implementation through tailored solutions. He explained that SIFC serves as a high-level, one-window agency to assist foreign investors in planning and executing projects in four key sectors: agriculture, information technology, energy, and mining.

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The Prime Minister also identified various areas within Pakistan’s economy—such as agriculture, fintech, pharmaceuticals, oil and gas, and mining—where US companies could take advantage of government policies for mutual benefit.

Esperanza Jelalian, President of the US-Pakistan Business Council, remarked that Pakistan is a favored destination for US investments, holding significant potential. She added that the council is planning a delegation visit this year to explore further investment opportunities in Pakistan.

The meeting concluded with an interactive session where the Prime Minister addressed various queries from representatives of US enterprises.

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