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
  • 140
  • 0

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

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

NC Big Stories

Justice Patel’s experience demonstrates need for constitutional court in Pakistan: Bilawal

Islamabad: Pakistan Peoples’ Party Chairman Bilawal Bhutto Zardari commended Justice Dorab Patel’s vision for establishment of federal constitutional court, saying it remains relevant today. In post on X, Bilawal shared that Justice Patel...

Ahsan vows MQM-P’s concerns over constitutional amendments will be addresed

KARACHI: Pakistan Muslim League-Nawaz leader and Minister for Planning Ahsan Iqbal said that he arrived in Karachi on Prime Minister’s directives, where Muttahida Qaumi Movement-P was taken into confidence regarding proposed constitutional amen...

Resham’s life transforms by power of ‘Tahajjud’

Resham, one of Pakistan’s most celebrated film stars began her career at young age with PTV and later made name for herself in film industry, collaborating with some of biggest names in business. Known for her spiritual nature, Resham often eng...

Govt must reduce electricity bills at all costs, says JI Chief

Lahore: Hafiz Naeemur Rehman Chief of Jamaat-e-Islami Pakistan announced that party will continue its struggle until government implements an agreement regarding electricity bills. He emphasised that government must reduce electricity charges without...

More like this
Related

Pakistan, KSA ink over $2bn bilateral investment pacts

ISLAMABAD: Prime Minister Shehbaz Sharif hailed Saudi Arabia’s over $ 2 billion investment in Pakistan as two countries signed several memorandum of understandings to boost bilateral trade and investment. “Visit of Saudi delegation, heade...

Gold price inches up

KARACHI: After experiencing decline in first two days of week, gold price saw an increase on Wednesday, rising by Rs 600 per tola. According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), price of 24-carat gold reached Rs 275,500 pe...

KSE-100 closes marginally higher to 62pts

KARACHI:  Pakistan Stock Exchange witnessed mixed trading on Wednesday, as benchmark KSE-100 Index swayed in both directions before closing day marginally higher by 162 points. KSE-100 started day with negative momentum, hitting an intra-day low...

‘Pakistan Economy Dashboard’ unveiled to enhance transparency

ISLAMABAD: In a significant move aimed at bolstering economic governance and transparency, the Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced the launch of the Pakistan Economy Dashboard (PED) in Islamabad. This initiative pr...
Need Help? Chat with us