Pakistan’s Ambassador to US, Aizaz Chaudhry, highlights Investment Potential in Pakistan

Pakistan offers favorable investment environment for US businessmen

Pakistan's Ambassador to the United States Aizaz Chaudhry has said that Pakistan offers a favorable investment environment for US businessmen due to advanced banking system and improved means of communication.

He expressed these views during a meeting with a delegation led by Pakistan America Business Association (PABA) in Washington DC, said a press release received here on Thursday.

Ambassador Aizaz Chaudhry warmly welcomed the delegation of PABA and strongly encouraged American businessmen/entrepreneurs for exploring countless investment opportunities in Pakistan.

He briefed the delegation about the improved security situation in Pakistan over the span of 2-3 years “which is having a salutary effect on the economy. As a consequence, business activity is picking up in Pakistan.”

“China Pakistan Economic Corridor (CPEC) has opened new avenues for Pakistan. Foreign investment is flowing into Pakistan not only by Chinese companies but a large number of Korean, Turkish, European and US firms, all ready to take advantage of tremendous investment opportunities in the country,” he added.

“Energy plants are being built along the country's southern coastline. The next phase for us is to build a series of industrial zones,” he said.

Commenting on Pak-US bilateral relations, Ambassador Aizaz Chaudhry underscored that, “Pakistan has enjoyed longstanding partnership with the US over last 70 years. No doubt, there were ups and downs in the relationship between the two countries but history bears testimony to the fact that both the countries benefited whenever they cooperated with each other.”

“There is a strong bond of cooperation between the two countries in different fields such as education, defence, counter terrorism, health etc. It provides a strong foundation to further deepen the relations between the two countries,” he said.

During the meeting, PABA delegation discussed various proposals including organizing an international Business Convention in 2018, visa facilitation for business community and greater connectivity between banking channels of both the countries.

Ambassador Chaudhry supported the idea of projecting Pakistan “as it will provide an opportunity to highlight the great economic potential that Pakistan is offering at the moment, after successfully reversing the tide of terrorism.”

Congressman House Committee on Foreign Affairs, Tom Garret congratulated Ambassador Chaudhry on assuming his new assignment as Pakistan Ambassador to the US, noted that Pakistan and the US have maintained a close friendship since 1947 and discussed ways and means for improving economic and commercial relations between Pakistan and the US.

The delegation also included Debbie Jones, President of Prince William Chambers of Commerce and Industry and prominent businessmen and government officials.