Pakistan's Ambassador to the United States has urged investors to seize the opportunities presented by Pakistan's growing economy, highlighting the country's investment-friendly policies. "With our economy on the rise, now is the time to expand your investments and benefit from the substantial returns offered by our growing economic environment," he stated. To streamline investment processes, Pakistan has established the Special Investment Facilitation Council, aimed at speeding up approvals, cutting through bureaucratic red tape, and offering comprehensive support to investors.
While the government has identified information technology, agriculture, energy, and the extractive industry as key investment sectors, the ambassador assured that foreign investors are welcome to explore other sectors and would receive the same incentives and benefits as those investing in priority areas. Ambassador Masood Khan made these remarks in a virtual discussion with leaders from the Pakistani-American communities in Greater Houston, Texas, and Atlanta, emphasizing the strategic advantages for U.S. investors. He pointed out the significant role of approximately one million Pakistani expatriates in the U.S. as vital connectors between the two nations, the success of around 80 U.S. companies currently operating in Pakistan, and the investment potential among Pakistani-American citizens.
The ambassador highlighted the Special Investment Facilitation Council's role in resolving past investor issues and encouraged the Pakistani-American business community to leverage this resource. He invited Pakistani-American investors, particularly those with successful ventures in hospitality, healthcare, diagnostics, and pharmaceuticals, to intensify their investments in Pakistan.
Furthermore, Ambassador Khan detailed efforts by the Pakistani Embassy and consulates to foster closer ties within the Pak-US business community and promote economic activity through unified commerce chambers and upcoming virtual and in-person investment seminars. He stressed the importance of a comprehensive database for better coordination with the Special Investment Facilitation Council and mentioned plans for enhancing bilateral cooperation in agriculture through university partnerships and sister-state agreements.
The ambassador concluded by acknowledging the significant contributions of the participants to fostering economic ties between Pakistan and the United States and welcomed their suggestions for improving business and investment relations.
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