Political and Economic Chief of the US Consulate, Lahore Erik Martini has assured of his support to the President of Lahore Chamber of Commerce and Industry (LCCI) Ijaz A Mumtaz for expediting bilateral trade and economic relations between the United States and Pakistan.
Erik Martini visited the Lahore Chamber here on Thursday and discussed different issues including energy, taxation and bureaucratic hurdles to businesses with LCCI chief.
While speaking on the occasion, the LCCI chief said that economic stability of Pakistan through prompt direct market access to the US is must as economically prosperous Pakistan would be more beneficial for the United States.
He urged the US government to help Pakistan overcome energy crisis and said, "Pakistan needs extra-ordinary co-operation from the United States. If the United States comes forward at this point in time when the country is passing through unprecedented challenging times, the trade, economic and cultural ties between the two countries would be flourished more." Mumtaz said that the LCCI is making best efforts for promotion of trade and economic prosperity. He said that there are many areas including political, social, economic and defence, in which both countries can collaborate and cooperate with each other. A significant volume of Pakistan's exports find their way to US markets and likewise Pakistan imports fairly large amount of goods from America, he maintained.
The LCCI chief said that considering the historic relations of both the countries and the critical role of America in the economy of Pakistan, we wish to expand these ties for our mutual benefits. He said the Lahore chamber and the US Consulate are maintaining close working relations since long, and commended the role being played by US Consulate in developing working relations with various segments of the society such as educational institutes, business support organisations, local government offices, NGOs, provincial as well as federal organisations.
Mumtaz said that both countries have to find new ways of expanding the level of trade and economic co-operation. He said that USA has been a very important trading partner of Pakistan since decades.
"Business to business contacts hold key to exploit the untapped potential of trade. For that matter, frequent exchange of trade delegations is very important," he added.
Comments
Comments are closed.