Pakistan, U.S. to hold business talks in Washington

20:30, June 07, 2010      

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Pakistan and the United States will hold talks in Washington on Tuesday to promote business, the U.S. embassy said Monday.

U.S. Ambassador in Islamabad Anne W. Patterson and Pakistani Minister of State for Investment Saleem H. Mandviwalla will lead the third delegation of Pakistani business leaders to the U.S. as part of the Pakistan Business Ambassadors Program, the embassy spokesman Richard Snelsire said.

Launched by the U.S. embassy and the Pakistan Board of Investment (BOI) in April 2009, the program seeks to highlight Pakistan's most successful business leaders and stimulate trade and investment opportunities between the U.S. and Pakistan, Snelsire said in a statement.

"Economic growth and political stability are inextricably linked and the United States is committed to supporting the BOI in its initiatives to foster private sector growth and create jobs," said Ambassador Patterson.

"For the U.S. specifically, Pakistan represents a vast market with a formidable entrepreneurial class and we are leveraging this exceptional group of business leaders to highlight existing and potential market opportunities for partnership and collaboration," she said.

During their visit to New York City and Boston, delegates will meet with U.S. business leaders and the media to promote understanding of Pakistan and its economy. The delegation represents a diverse range of sectors including energy, power, private equity, banking, airlines, infrastructure, and consumer goods and services.

"The strength of Pakistan's economy is driven by 180 million people whose constant demand is fueling Pakistan's economy, projected to grow by 4.1 percent in the fiscal year ending in June, " remarked Minister Mandviwalla.

"More than 700 multinationals currently have a presence in Pakistan and the investment landscape is even more attractive when investors see past the headlines and focus on the bottom line potential," he said.

Source: Xinhua


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