United States should provide Pakistan with coal-fired technology for electricity generation so it could be able to cope with its ever increasing demand for power which is direly needed for sustainable economic and agriculture growth.
The demand was raised by founder Chairman Pak-US Business Council and VP Saarc Chamber of Commerce and Industry, Iftikhar Ali Malik on Wednesday while talking to a high level visiting US Senators delegation comprising Jon Kyl, Jeffsession, John Kline, Chris Carney and Jane Harman, Congress Women here at the US Consulate.
Iftikhar Ali Malik said that there was an urgent need that the United States should extend maximum co-operation to Pakistan so that it could be able to fight out its economic crisis and this is only possible if the US government restores quota system for Pakistan at par with all other under developing countries. He urged the US delegation to help provide direct market access to Pak products on zero rate duty to help stabilise its bleak economy as Pakistan has suffered a colossal loss of billions of dollars since turmoil in Afghanistan and war against terror.
Talking about Reconstruction Opportunity Zones (ROZs), Iftikhar Ali Malik said that the United States must implement its programme in this regard without any further delay and make sure cent per cent buy back as a large number of textile weaving, spinning, textile make-up and garments units with full infrastructure need rehabilitation.
Malik said that due to unrest and turmoil in neighbouring country, major chunk of Pak food stock is smuggled to Afghanistan, which ultimately leads to acute good grain scarcity. He said that proper and timely US assistance will ensure durable peace, stamp out terror besides strengthening the democratic system of government in Pakistan. He said there is vast scope for US private sectors and investors in every sphere of life especially in agro, power, IT and textile sectors. He said Obamas mechanism for holding parleys will also help a lot to eliminate extremism from the world.
He said the US Chamber of Commerce (USCC) could play a pivotal role in this regard, being an important channel for trade ties between the two countries and link to American markets. He said that entire world especially the poor countries are confronting the worst ever economic recession after 2nd world war and this issue of vital importance is to be addressed on top priority to fully ensure peace and security in the world. He said Pakistan is an emerging market rich in opportunities for US investment, and observed that US is already an important trading partner.
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