The US Consul General in Karachi Michael Dodman on Tuesday said that Pakistan and the United States would sign an investment treaty to increase investments in each other country. He was speaking at a gong ringing ceremony held at main trading hall during his visit to Karachi Stock Exchange (KSE).
He said bilateral treaty would be a real milestone in the bilateral relations between the two countries. He said that the results of US presidential elections would not impact its foreign policy. "The relationship between the two counties will remain stable," he said.
He pointed out that some US firms were interested to invest in different sectors in Pakistan. "These companies are interested to invest mainly in energy, consumer goods and manufacturing sectors," he added.
The US is taking initiatives to increase its investments in Pakistan and such initiatives will help the companies of both counties to develop their trade relations, he added.
He maintained that the US was taking various initiatives to help Pakistan for sustainability of its economic growth.
The US is also forming Pakistan Private Investment Initiatives (PPII) to increase the level of funding available to Small and Medium Enterprises (SME) in Pakistan.
He pointed out that the fund might be launched next year.
Earlier, chairman KSE Munir Kamal while welcoming the US Consul General said that despite many challenges and war against terrorism the KSE hit all-time high of 16,200 points on Monday.
Managing Director KSE Nadeem Naqvi thanked the US Consul General for his visit.
He briefed the guests about the country's economic position and agri-based production and potentials.