Washington DC, 3 October 2022 (TDI): Pakistan’s Ambassador to the United States, Masood Khan has invited US companies to invest in climate resilient infrastructure in Pakistan. He said that strengthened Pak-US trade ties can help deal with the climate crisis.
The invitation came during his visit to the US Chamber of Commerce.
The Ambassador held a bilateral meeting with the President of the US Chamber of Commerce (USCC), Suzanne Clark. Accordingly, he highlighted that a robust Pak-US trade partnership could transform the recent crisis in Pakistan.
Moreover, the Ambassador said that it can bring an opportunity for the US business community to invest in building green and climate-resilient infrastructure.
The Ambassador said that it will help in dealing with natural calamities in the future.
Discussion on floods and hurricanes:
On the occasion, the Ambassador of Pakistan highlighted the recent floods in Pakistan and Hurricane Ian in Florida. Accordingly, he said that these are the severe signs of climate change and thus need the two states to work together for mitigating its impacts.
Correspondingly, the ambassador conveyed his heartfelt sympathies over the havoc caused by Hurricane Ian in Florida and adjacent states.
In response, President Suzanne also expressed her deep condolences over the loss of life and damages to the property due to devastating floods in Pakistan.
Discussion on Trade Partnership:
The Ambassador of Pakistan highlighted that the US is an important economic and trading partner of Pakistan. He said that the two countries have enjoyed good relations in trade and investment over the years.
Thus, Ambassador Masood called for a boost in mutual efforts and collaboration between both countries. He also called for strengthening the private sectors of the two countries and policy support of the government.
According to him, timely investment in building climate resilient infrastructure would help in securing the future and also preclude climate-induced global issues.
Correspondingly, the Ambassador highlighted the existing businesses of US multinational companies. He said that Pakistan’s strategic location, Special Economic Zones, and the growth of its tech sector offer tremendous opportunities to U.S. companies.
Therefore, he urged USCC to encourage its member companies to explore investment opportunities in Pakistan.
Moreover, he apprised the President of USCC for constituting a special task force on Information Technology to promote tech start-ups. He also reiterated that the Government is focused on addressing the concerns of the private sector both foreign and local to provide them with an enabling environment for growth.
Correspondingly, the President of USCC said that Pakistan could become an attractive investment destination for US companies. Therefore, he affirmed to encourage US companies to invest in Pakistan.