Pakistan seeks to ease tax, inflation issues for business growth

December 05, 2024 (MLN): The government is actively working on solutions to mitigate high taxes and inflation issues, said Pakistan's Minister for Commerce, Mr. Jam Kamal Khan during the meeting with American Business Council (ABC) delegation.

According to the press release, the need for increased government support to create a better business environment for both local and foreign investors was also discussed during the meeting.

The delegation included representatives from nine leading U.S. companies with operations in Pakistan (including DuPont, Cargill, PepsiCo, CocaCola, Philip Morris, AICT, IBM, PriceOye, McDonalds).

The ABC members emphasized the significant role American companies play in Pakistan's economy, particularly in terms of job creation and U.S. investment.

The meeting was also attended by officials from the U.S. embassy at the Ministry of Commerce in Islamabad.

The Minister for Commerce warmly welcomed the delegation and assured them that the government was fully committed to addressing their concerns.

He acknowledged the challenges faced by businesses in Pakistan, especially in light of inflation and other economic hurdles.

The meeting concluded with a mutual agreement to continue dialogue and collaboration on key issues, paving the way for a more robust and dynamic trade relationship in the coming years.

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