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Pakistan’s Ambassador to US praises SIFC’s investment transformations

SIFC unveils bold plan to attract billions in semiconductor industry investment
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February 24, 2024 (MLN): Special Investment Facilitation Council (SIFC) has transformed investment landscape of Pakistan with speedy approvals, smooth execution of projects and guaranteed returns, Pakistan’s Ambassador to the United States, Masood Khan stated during a meeting with business leaders today.

“We have chosen IT, agriculture, alternate energy and extractive industries as the priority areas for investment,” he added.

The meeting was part of Embassy’s initiative of connecting business organizations and trade bodies and create the required synergy for promoting business activities between Pakistan and the United States.

Addressing the participants the Ambassador paid tribute to Pak business community in the United States which was playing a critical role in cementing trade relations between Pakistan and the United States and investing their resources in the motherland.

He said that the Embassy’s initiative to connect trade bodies was meant to create a strong network for greater economic impact.

Chairman Pakistan Chamber of Commerce Amir Piprani told the participants that PACC was playing its role for the past 27 years and was regularly holding trade shows, exhibitions and seminars to promote bilateral trade.

This year, PACC would be holding a Trade Expo in October and was working closely with TDAP for the purpose.

He invited suggestions from the participants for successful holding of the expo.

CEO Ka’aba Fusion Dr. Sohail Masood, pioneer in the Home Infusion Industry, an accomplished entrepreneur and philanthropist, shared his success story with the participants.

He informed that Ka’aba Fusion has also established office back in Pakistan to create job opportunities for Pakistani professionals in healthcare.

He further stated that Ka’aba Fusion was also in the process of introducing home infusion services in Pakistan which would provide quality healthcare to the people at their doorstep and would open up huge job opportunities for healthcare workers and professionals.

Maqsood Ali, CEO of TSI Engineering, Inc and alumnus of the Civil Engineering Department UET Lahore, said that UET alumni had raised $150,000 last month for their alma mater.

He also said that they were helping Pak engineers and had also set up an office in Faisalabad for the purpose.

He suggested imparting construction management education to Pak students. Muhammad Saeed Sheikh, President Houston-Karachi Sister City Association, speaking on the occasion highlighted the contributions made during flood relief activities.

Director Pakistan Stock Exchange Limited (PSX) Ahmed Chinoy highlighted new and existing business opportunities in Pakistan where the business community was enjoying great returns for their equity. He especially highlighted the returns on treasury bills and Roshan Digital Accounts.

Ambassador Masood Khan thanked the business community for their commitment to supporting efforts to strengthen Pak-US business ties.

“Invest in Pakistan with full confidence. Your trust in Pakistan would encourage your counterparts in the United States to choose Pakistan as their preferred investment destination,” the Ambassador concluded.

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Posted on: 2024-02-24T15:29:28+05:00