Strengthening PAK-US ties
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.