Nawaz urges US-Pak Business Council to play role for preferential market access to Pakistani goods

BusinessNawaz urges US-Pak Business Council to play role for preferential market access...

ISLAMABAD, Pakistan: Prime Minister Muhammad Nawaz Sharif Thursday asked the US-Pakistan Business Council (USPBC) to play its role in urging the US lawmakers the importance of providing preferential market access to Pakistani goods.

Addressing the USPBC Business Delegation here at the PM House during a luncheon meeting, the Prime Minister expressed confidence that the Council would also continue to play an active role in sharing with the larger US business community, positive experiences of doing business with and investing in Pakistan.

He said the Pakistani nation was now on a course of realizing its true potential as a democratic country with strong institutions and a vibrant economy.

He said Pakistan was among the few places in the world that offers the promise of resources, geography and people, all at the same time. Increasing urbanization, favorable demographics, a growing middle class and economically empowered women and youth are some of the key drivers of the growth.

Sharif said Pakistan also has one of the most attractive investment regimes in the world, which allows foreign investors 100% repatriation of profits and easy convertibility into foreign exchange.

Prime Minister said Pakistan believes the private sector to be the engine of economic growth and consider foreign investment as a necessary catalyst for creating more economic opportunities.

We believe that a vibrant private sector is essential to a government’s ability to provide the best possible services to its citizens. My government is committed to providing an enabling environment, sustained by institutional structures that facilitate and allow the private sector to flourish, he added.

The Prime Minister mentioned the recently launched 46 billion Dollars China-Pakistan Economic Corridor (CPEC) and said it was a mark of growing confidence in Pakistan’s economy and its future potential. This programme will spur regional economic integration and bring prosperity to the entire region and beyond.

The Prime Minister said United States remains one of the most important economic and trading partners of Pakistan. He said leading US companies have invested billions of dollars in Pakistan and are making healthy profits.

He said the past testifies to the fact that those US companies that invested in Pakistan did reap rich dividends. The future promises to be even better.

The delegation comprised Chairman US-Pakistan Business Council Miles Young, Mehmood Khan Vice Chairman and the US Ambassador to Pakistan David Hale. The 14-member delegation comprised US businessmen, executives, investors, and industry leaders.

The Prime Minister said the US Chamber of Commerce epitomizes American enterprise and dynamism.  He said through the US-Pakistan Business Council, the Chamber has been a close and trusted partner of Pakistan and has made commendable efforts to promote business-to-business collaboration between Pakistan and the United States.

He said it has in the process, further strengthened relations between the two countries. He particularly thanked Chairman Miles Young and his team for their efforts in this regard and expressed confidence that the visit will go a long way in opening up new avenues for trade and investment flows between Pakistan and the United States.

Source: APP

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Reko Diq

Political facilitation of Supreme Court threats economic stability in Pakistan

By Agha Iqrar HaroonThe announcement of the decision of the Full Bench of the Supreme Court of Pakistan in the case of the reserved...
Taimoor Ul Hassan UCP

Research and technology in Pakistan: Where we went wrong?

By Dr Taimoor Ul Hassan Higher education authorities' policy of increasing the number of PhDs in the country to justify the massive funds they...

Is the Higher Judiciary not abrogating the Constitution by rewriting it?

Islamabad, Pakistan: Since the announcement of the decision of the Full Bench of the Supreme Court of Pakistan that annulled the decision of the...

President Zardari for collaborative efforts to ensure sustainable development

ISLAMABAD, Pakistan: President Asif Ali Zardari has called for collaborative efforts by the Eastern nations to ensure sustainable development and common prosperity through China’s...

Civil Society Organizations oppose a dummy Minorities’ Rights Commission

ISLAMABAD Pakistan: Observing fault lines in the bill moved as private member bill in the National Assembly on July 09, 2024, the participants of...