Pakistan seeks US investment in key economic sectors

WEB DESK: Pakistan’s Ambassador to the United States, Masood Khan, has extended an invitation to American entrepreneurs and corporate leaders to invest in Pakistan’s burgeoning sectors of IT, energy, agriculture, and mineral extraction.

The call for investment was reported by the Information Ministry and highlighted during an interaction in Washington DC with key figures from the US business community.

Ambassador Khan emphasised that Pakistan’s market has consistently been a lucrative and attractive destination for American businesses over the years. He noted that the US International Trade Administration recognises several benefits for American investors in Pakistan.

These include the absence of shareholding restrictions, straightforward work permit regulations, no mandatory technology transfer requirements, and a substantial, sophisticated entrepreneurial community.

To further encourage foreign investments, Khan informed the attendees that Pakistan has established a Special Investment Facilitation Council.

This council aims to streamline and support foreign investments across various sectors, ensuring a smooth and efficient process for international investors.

The ambassador’s appeal underscores Pakistan’s commitment to fostering a favourable business environment and strengthening economic ties with the United States.

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