Strength­en­ing PAK-US ties

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Nearly 50 com­pa­nies from the US and Pak­istan met in Lon­don to dis­cuss busi­ness op­por­tu­ni­ties at a two- day con­fer­ence co- hosted by the US Trade Rep­re­sen­ta­tive, the Em­bassy of Pak­istan in the US and the Min­istry of Com­merce of Pak­istan. Among those present were Am­bas­sador Dan Feld­man, Deputy Spe­cial Rep­re­sen­ta­tive for Afghanistan and Pak­istan; Robert Drumheller, Vice Pres­i­dent, Overseas Pri­vate In­vest­ment Cor­po­ra­tion and of­fi­cials from the US Em­bassy in Pak­istan. Mem­bers of the US Trade and Devel­op­ment Agency, US Agency for In­ter­na­tional Devel­op­ment ( USAID), Asian Devel­op­ment Bank, and In­ter­na­tional Fi­nance Cor­po­ra­tion were also present.

Speak­ing on the oc­ca­sion, Sherry Rehman, Am­bas­sador of Pak­istan in the US, said, “The con­fer­ence was an im­por­tant step in re­build­ing the ( Pak­istanUS) re­la­tion­ship and set­ting it on a more suit­able axis of en­hanced cor­po­rate ties.”

The con­fer­ence marks the first bi­lat­eral busi­ness ini­tia­tive be­tween the US and Pak­istan un­der the Pak- US Trade and In­vest­ment Agree­ment. It served to bring the pri­vate sec­tor in fo­cus and dwelled on the in­vest­ment op­por­tu­ni­ties in both coun­tries. The par­tic­i­pants rep­re­sented com­pa­nies such as Proc­tor and Gam­ble, JC Penny, Tar­get, De­wan Group and MCB Bank, amongst oth­ers. The con­fer­ence also saw the for­mal launch of the USAID project ‘ Pak­istan Pri­vate In­vest­ment Ini­tia­tive.’

From left to right: Salim H. Mand­vi­wala, Chair­man Board of In­vest­ment; Munir Qureshi, Sec­re­tary Com­merce; Michael De­laney, As­sis­tant USTR; Wa­jid Sham­sul Hasan, Pak­istan High Com­mis­sioner for UK, Peter J Dai­ley, CEO IEP; Sherry Rehman, Pak­istan Am­bas­sador to the USA, Naveed Khan, CEO Faisal

Bank of Pak­istan at the 2012 US-Pak­istan Busi­ness Op­por­tu­ni­ties Con­fer­ence.

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