Washington D.C, 7 June 2022 (TDI): The Pakistani Ambassador to the US, Masood Khan, held a meeting with America-Pakistan Business Development Forum to discuss trade ties.
The Ambassador discussed the potential ways to strengthen and expand US-Pakistan business, trade, and investment ties with the forum representatives.
Furthermore, the ambassador expressed during the meeting that “Increasing the volume of Pakistan-USA trade is our key priority.”
Both nations enjoy good relations in the spheres of people-to-people contact, science and technology, education, culture, and economy. However, there is a need to deepen these ties as both countries continue to engage on favorable terms.
Ambassador @Masood__Khan met with a delegation of America Pakistan Business Development Forum to discuss ways to strengthen & expand business,trade and investment ties b/w 🇵🇰 & 🇺🇸 #PakUSAt75 🇵🇰🤝🇺🇸 @ForeignOfficePk @investinpak pic.twitter.com/mJS9t4BvhF
— Pakistan Embassy US (@PakinUSA) June 7, 2022
Pakistan-USA Trade Ties
Pakistan and the United States established diplomatic relations in 1947. Meanwhile, this year, the two countries are celebrating 75 years of diplomatic relations.
Pakistan maintains an embassy in Washington D.C and a consular presence in Houston and Chicago. Meanwhile, the US maintains an embassy in Islamabad and a presence in all Pakistani provincial capitals
Moreover, in terms of bilateral trade, the United States is one of Pakistan’s largest export destination countries. The South Asian country exports both industrial and agricultural products to the USA, including textile, sports goods, food items, and medical equipment.
Likewise, the United States has been one of the largest investors in Pakistan. The USA also provides aid and assistance to the country, especially in the areas of health, education, and development.
Most US investments are concentrated in consumer goods, chemicals, energy, agriculture, business process outsourcing, transportation, and communications.
Furthermore, both countries have worked to expand economic relations in recent years. The two countries continue to work together to achieve further business climate enhancements.
The United States Ambassador to Pakistan, Donald Blome, recently began operations in Islamabad.
Furthermore, there is sufficient high-level contact between the two countries. Previously, Pakistan’s Foreign Minister held a meeting with Secretary of State Antony Blinken during his visit to New York.
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