Pakistan offers favourable investment environment to US businessmen: Ambassador

APP08-20 WASHINGTON: July 20 - Ambassador of Pakistan to the US, Aizaz Ahmad Chaudhry in a meeting with the delegation of Pakistan America Business Association. APP

ISLAMABAD, Jul 20 (APP): Ambassador of Pakistan to US, Aizaz Ahmed
Chaudhry has that Pakistan offers a favourable investment environment to US businessmen due to advanced banking system and improved means of communication.
The ambassador was talking to a delegation of Pakistan America
Business Association (PABA) at Washington DC on Wednesday, a message received here Thursday said.
The delegation included Tom Garret, Congressman House Committee on Foreign Affairs, Debbie Jones, President of Prince William Chambers of Commerce & Industry and prominent businessmen & government officials. Siddique Sheikh, who is the Chairman and Founder of PABA was also present.
Ambassador Aizaz Chaudhry warmly welcomed the delegation of PABA and encouraged American businessmen/entrepreneurs for exploring countless investment opportunities in Pakistan.
While speaking on the occasion, Ambassador Chaudhry briefed the
delegation about the improved security situation in Pakistan over the span of 2-3 years which is having a salutary effect on the economy.
As a consequence, he said, business activity was picking up in
Pakistan, adding that China Pakistan Economic Corridor (CPEC) has opened new avenues for Pakistan.
Foreign investment is flowing into Pakistan not only by Chinese
companies but a large number of Korean, European & US firms, all ready to take advantage of tremendous investment opportunities in the country, he added.
Commenting on Pak-US bilateral relations, Ambassador Aizaz Chaudhry
underscored that Pakistan has enjoyed longstanding partnership with the US over last 70 years.
No doubt, there were ups and downs in the relationship between the two countries but history bears testimony to the fact that both the countries benefitted whenever they cooperated with each other, he added.
He said there was a strong bond of cooperation between the two
countries in different fields such as education, defence, counter terrorism, health etc. which provides a strong foundation to further deepen the relations between the two countries.
During the meeting, PABA delegation discussed various proposals
including organizing an international Business Convention in 2018, visa facilitation for business community and greater connectivity between banking channels of both the countries.
Ambassador Chaudhry supported the idea of projecting Pakistan as it
will provide an opportunity to highlight the great economic potential that Pakistan is offering at the moment, after successfully reversing the tide of terrorism, he added.
Congressman Tom Garret congratulated Ambassador Chaudhry on assuming his new assignment as Pakistan Ambassador to the US, noted that Pakistan and the US have maintained a close friendship since 1947 and discussed ways & means for improving economic & commercial relations between Pakistan and the US.