Ambassador Sardar Masood Khan of Pakistan has extended a warm invitation to American entrepreneurs and corporate leaders to invest in Pakistan’s burgeoning sectors of IT, energy, agriculture, and mineral extraction. His remarks came during a pivotal engagement in Washington DC, where he highlighted the robust economic ties between the United States and Pakistan.
According to Ambassador Khan, 83 U.S. companies have collectively invested over $1.5 billion in Pakistan, generating revenues exceeding $3 billion. These figures underscore the strong investment infrastructure and the attractiveness of Pakistan’s market for American businesses.
“Pakistan offers a fertile ground for investment, characterized by a conducive business ecosystem, absence of shareholding restrictions, and a supportive regulatory framework,” Ambassador Khan stated. He emphasized the establishment of a Special Investment Facilitation Council to further streamline foreign investments in strategic sectors.
Ambassador Khan particularly highlighted Pakistan’s advancements in the IT sector, noting its status as the fourth largest freelance provider globally and its robust ecosystem of over 20,000 ICT registered companies. He also outlined ambitious plans in the energy sector, aiming to double current energy production and swiftly transition towards renewables.
Moreover, Pakistan’s rich mineral resources including copper, gold, lithium, and rare earth elements were underscored as promising avenues for investment. The Ambassador highlighted Pakistan’s efforts in modernizing agriculture, focusing on enhancing yields through innovative agricultural practices and hybrid seeds.
The Ambassador also touched upon the bilateral defense cooperation between Pakistan and the United States, expressing optimism about the forthcoming approvals that could lead to the restoration of Foreign Military Financing and Foreign Military Sales.
With Pak-US trade volume reaching $10.6 billion in recent years, with $8.4 billion in exports to the U.S., Ambassador Khan emphasized the potential for further expansion across various sectors, fostering resilient and mutually beneficial relations.
In conclusion, Ambassador Khan outlined Pakistan’s pivotal role in the West Asian hemisphere, emphasizing its human potential and rapid economic transformation driven by digitization and e-commerce.
The call for American investment in Pakistan’s key sectors marks a significant milestone in bilateral economic relations, poised to unlock new avenues for growth and cooperation between the two nations.
