US Ambassador to Islamabad Richard Olson Wednesday said continued co-operation between Pakistan and the United States was necessary for enhancing their trade and investment ties, and supporting Pakistani entrepreneurs. He was talking to the Overseas Investors Chamber of Commerce and Industry (OICCI) where he was invited for a discussion with business and industry leaders, said an embassy statement.
Ambassador Olson highlighted how both countries were partnering to create a "pro-business, pro-investment, and pro-innovation climate." "We are proud that the United States is both Pakistan's largest trading partner and one of its largest investors. In 2013, two-way trade totalled more than $5 billion and the US companies have invested $1.3 billion in Pakistani economy in the last seven years."
He pointed out that the United Sates was partnering with Pakistan to achieve growth and build a foundation for commercial success by building business ties and industry capacity, supporting Pakistan's young entrepreneurs, and addressing some of the challenges that have slowed the pace of economic growth in Pakistan. The ambassador also spoke about the October meeting of the Economic and Finance Working Group, an element of the Strategic Dialogue, led by Under Secretary for Economics, Energy, and Business Catherine Novelli and Finance Minister Ishaq Dar.
The working group focused on the concrete steps both countries are taking to improve trade and investment ties, such as the joint announcement of a US-Pakistan Economic Partnership Week in early 2015. Ambassador Olson highlighted the important role that business and industry leaders can play in economic growth. "The US-Pakistan relationship to continue to grow, it is going to have to be less about what our two governments do than about what our peoples and businesses can accomplish together," he added.-PR
Comments
Comments are closed.