AGL 40.05 Increased By ▲ 0.05 (0.13%)
AIRLINK 132.75 Increased By ▲ 3.22 (2.49%)
BOP 6.90 Increased By ▲ 0.22 (3.29%)
CNERGY 4.58 Decreased By ▼ -0.05 (-1.08%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.98 Increased By ▲ 1.29 (3.09%)
DGKC 84.59 Increased By ▲ 0.82 (0.98%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 76.60 Increased By ▲ 1.13 (1.5%)
FFL 12.14 Increased By ▲ 0.67 (5.84%)
HUBC 110.00 Decreased By ▼ -0.55 (-0.5%)
HUMNL 14.43 Decreased By ▼ -0.13 (-0.89%)
KEL 5.54 Increased By ▲ 0.15 (2.78%)
KOSM 8.39 Decreased By ▼ -0.01 (-0.12%)
MLCF 39.70 Decreased By ▼ -0.09 (-0.23%)
NBP 66.22 Increased By ▲ 5.93 (9.84%)
OGDC 199.20 Decreased By ▼ -0.46 (-0.23%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.61 Decreased By ▼ -0.05 (-0.65%)
PPL 159.25 Increased By ▲ 1.33 (0.84%)
PRL 26.21 Decreased By ▼ -0.52 (-1.95%)
PTC 18.52 Increased By ▲ 0.06 (0.33%)
SEARL 81.94 Decreased By ▼ -0.50 (-0.61%)
TELE 8.11 Decreased By ▼ -0.20 (-2.41%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.93 Decreased By ▼ -0.13 (-1.43%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 60.00 Decreased By ▼ -1.32 (-2.15%)
UNITY 27.65 Increased By ▲ 0.22 (0.8%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,613 Increased By 206 (1.98%)
BR30 31,863 Increased By 149.7 (0.47%)
KSE100 99,051 Increased By 1722.8 (1.77%)
KSE30 30,823 Increased By 630.6 (2.09%)

Founder Chairman Pak-US Business Council, Iftikhar Ali Malik has termed the US President Donald Trump letter to Prime Minister Imran Khan for helping Americans in Afghanistan a big diplomatic success for Pakistan and said the business community demands immediate direct access of its products to US markets in return to recover irreparable economic losses.
He in a statement on Tuesday said the visiting US Special Representative for Afghanistan Reconciliation Zalmay Khalilzad for discussion to resolve conflicts in war-torn Afghanistan and he must play his role in defusing the strain in Pakistan-US relations, adding cordial relations between the two partners were important for restoring peace and ensuring prosperity in the region.
He said that the US president Donald Trump should announce packages of incentives for the quick revival of the Pakistani economy as the country has also suffered losses a lot economically in the war against terror.
The US should remove the bottlenecks in bilateral investment treaty and efforts should now be made on signing a free trade agreement (FTA) at the earliest. It is now imperative that the USA should offer same package and incentives which it offers to Bangladesh and Sri Lanka in textile exports, such as duty concessions and market access, he added.
He said Pakistan and the United States have been close allies in the fight against terrorism, which is a common threat to all nations of the world. "As a matter of policy, Pakistan does not allow use of its territory against any country. Instead of relying on the false narrative of safe havens, the US needs to work sincerely with Pakistan to stamp out the menace of terrorism," he said.
Malik said Pakistan desires peace and stability in Afghanistan as peace in Kabul is good for the entire region. After 16 years of conflict, it is clear that lasting peace in Afghanistan can only be achieved through a comprehensive political process.
"Pakistan stands ready to work with Afghanistan and the United States to that end," he said. "We must recognize that there are no military solutions to these long wars, and policy clarity, regional cooperation and strategic consensus is critical to preserving key rights gains made in many parts of Afghanistan.
Pakistan is invested more than any country in stability and peace in Afghanistan, especially given our long border and history of traffic and refugee hosting, so a more constructive path is better advised for all those committed to the same goals," he pointed out.
Iftikhar Malik suggested the United States and Pakistan should expand cooperation on the 2013 Joint Action Plan on Trade and Investment as the United States remains Pakistan's largest bilateral export market and a significant source of foreign direct investment. He said it would be in the interest of both the countries to enhance their trade volume which had been hovering around $5 billion for the last five years.

Copyright Business Recorder, 2018

Comments

Comments are closed.