Caretaker PM Kakar looks to attract US investment on sidelines of UNGA

Business Sep, 22 2023
Caretaker PM Kakar looks to attract US investment on sidelines of UNGA
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New York: Caretaker Prime Minister Anwaarul Haq Kakar said US corporate sector should look into ways to further enhance its relationship with Pakistan. Remarks were made addressing delegation of US Pakistan Business Council (USPBC) on sidelines of annual session of United Nations General Assembly (UNGA) in New York, according to statement by Prime Minister's Office.

Caretaker Prime Minister identified agriculture, tech sector including fintech, pharmaceuticals and health and digital banking sectors where US companies could enhance their investments in Pakistan.

Kakar said attracting foreign investments in all sectors of Pakistan's economy remains government's top priority, adding that government was focused on creating business-friendly environment and welcomes all suggestions.

Kakar emphasised that government believed in "No-holds-barred foreign investment regime" and had constituted Special Investment Facilitation Council to facilitate foreign investors, bolster confidence and expedite project implementation in priority areas of agriculture, IT, energy and minerals and mining.

SIFC officials hold talks with Sindh businessmen

SIFC is government initiative which focuses on defense production, agriculture; mines and minerals, energy sector and IT industry with target of $ 100 billion in FDI within span of three years.

Esperanza Jelalian President USPBC said council will continue to engage with Pakistan to seek mutually beneficial ways of increasing cooperation. In their remarks, USPBC members briefed Kakar on their businesses in Pakistan and plans to enhance their presence in Pakistani market.

Published in The Daily National Courier, September, 23 2023

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