Pakistan, USA continue to seek ways to enhance cooperation

September 22, 2023 (MLN): The U.S.-Pakistan Business Council (USPBC) will continue to engage with the government of Pakistan to seek mutually beneficial ways of enhancing cooperation, President of USPBC, Esperanza Jelalian stated on Thursday at the annual session of the United Nations General Assembly, according to a press release issued on the same day.

Caretaker Prime Minister Anwaar-ul-Haq Kakar called upon the U.S. corporate sector to look at ways to further enhance its long and productive relationship with Pakistan.

The prime minister said attracting foreign investments in all sectors of Pakistan’s economy was the government’s top priority.

The government was focused on creating a business-friendly environment and would welcome all suggestions, he added.

Kakar said the government believed in a no-holds-barred foreign investment regime and had constituted the Special Investment Facilitation Council (SIFC) to facilitate foreign investors, bolster their confidence, and expedite project implementation in priority areas of agriculture, IT, energy, and minerals & mining.

The caretaker prime minister, in particular, identified the agriculture, tech sector including fintech, pharmaceuticals, health, and digital banking sectors where the U.S. companies could focus their investments in Pakistan.

In their remarks, the USPBC members briefed the prime minister on their businesses in Pakistan and plans to enhance their presence in the Pakistani market.

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