April 22, 2022: The government is focused on creating a business-friendly environment for US investors and would welcome all the suggestions as attracting the U.S. foreign investments in all sectors of Pakistan’s economy is the government’s top priority, Minister for Finance and Revenue, Mr Miftah Ismail said while speaking with the delegation of the U.S. Pakistan Business Council (USPBC) at the Embassy of Pakistan in Washington DC.
The U.S. corporate sector had a very long and productive relationship with Pakistan, he added.
Finance Minister identified various areas in Pakistan’s economy, particularly agriculture, tech sector including fintech, pharmaceutical and health sectors, and digital banking where the U.S. companies could enhance their investments in Pakistan.
The meeting was attended by senior representatives of the top 12 U.S. investors in Pakistan including Abbott, PepsiCo, Coca-Cola, Procter & Gamble, the Resource Group, TRG, Visa, Cargill, and North Shore Medical Labs and Excelerate Energy L.P.
Ms Esperanza Jelalian, President of USPBC congratulated the Finance Minister and the Minister of State on assuming office. She said that a USPBC delegation would be visiting Pakistan soon to explore further opportunities for investment.
Ms Jelalian assured that USPBC will continue to engage with the government of Pakistan to seek mutually beneficial ways of enhancing cooperation.
In their introductory remarks, the USPBC members briefed the meeting on their businesses in Pakistan and plan to enhance their presence in the Pakistani market.
Ambassador Masood Khan welcomed the participants at the Embassy.
The introductory remarks were followed by an interactive session during which the Finance Minister answered the USPBC delegation’s various queries.
Other participants from Pakistan's side included Ms Aisha Ghaus Pasha, Minister for State for Finance, Dr Reza Baqir, Governor State Bank of Pakistan, Secretary Finance, Deputy Governor State Bank, Additional Secretary Finance and senior Embassy officials.
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