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November 15, 2019

Pakistani Businessmen Invited to Select USA Investment Summit

The U.S. government has invited Pakistani business community to participate in Select USA Investment Summit being held in Washington D.C. from June 18 to 20.

The Commercial Counselor of the U.S. Embassy in Pakistan, Steve Knode visited Islamabad Chamber of Commerce this week to extend the invitation for the summit, which brings the diversity of the United States together under one roof – enabling any business to find the people, the resources, and the market it needs to be successful.

Participants at the first three Investment Summits have announced more than $20.6 billion in greenfield FDI into the United States since 2013. Data from FDI Markets show that these participants are responsible for more than 12 percent of all announced greenfield FDI projects in the United States from fiscal year 2013-2016.

Extending the invitation to Pakistani businessmen, Mr. Knode said that the event provides Pakistani investors a good platform to explore new business opportunities by interacting with global participants, according to a statement issued by the Chamber in Islamabad after the meeting.

Steve said the US welcomes investors of all sizes, including established multinationals, SMEs and high-growth startups. He encouraged the businessmen to make a maximum participation and benefit from the opportunities offered by the U.S. markets.

He was of the opinion that Pakistan’s exports to US were improving and that close
collaboration between private sectors of both countries would be helpful in bringing latest technology and machinery to Pakistan in various fields.

Speaking on the occasion,  Senior Vice President ICCI Khalid Malik said
Pakistan and USA were strategic partners in war against terrorism and that Pakistan’s economy has suffered immensely due to terrorism.

He was of the view that the best way for the USA to support Pakistan’s economy was to provide enhanced access to its products in the US market. He said Pakistan and the USA should promote strong linkages between their private sectors to establish long-term and sustainable trade and economic relations.

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