Washington DC, 24 August 2022 (TDI): A delegation from the Washington Intergovernmental Professional Group (WIPG) met the Pakistani Ambassador to the United States, Masood Khan at Pakistan’s Embassy in Washington.
— Pakistan Embassy US (@PakinUSA) August 23, 2022
Reputable people from various economic sectors including IT, interior design, textile, education, and architecture were part of this 35-members delegation.
Pakistani Ambassador Masood Khan claims that the country offers the best circumstances for American investors and company owners.
Masood khan while speaking to the group of intergovernmental professionals asserted that improved commercial, IT, and cooperative networking between Americans and Pakistanis will result in outcomes that will benefit both nations.
He emphasized fostering more substantial and more extensive trade, investment, and business ties in both traditional and non-traditional sectors.
He further discussed that more than 6,000 Pakistani vendors registered on Amazon last year. According to the Ambassador, this is a huge development for Pakistan and would provide access to much-needed worldwide internet business exposure.
Ambassador Masood Khan further said, Pakistani Americans are the strongest connecting tissues between Pakistan and America, their close and warm ties strengthen the economy of Pakistan and America.
Masood khan while welcoming the delegation appreciated their interest and enthusiasm. He said that increasing trade and investment between Pakistan and US is of utmost importance.
Moreover, he said Pakistan’s IT industry is booming and ready to service the whole region.
Pak-US economic cooperation
The US has traditionally been Pakistan’s biggest export market; in 2021, it imported more Pakistani goods than any other nation ($5 billion).
Over the past 20 years, Pakistan has seen a lot of investment from the US.
Moreover, US direct investment in Pakistan surged by 50% in the most recent fiscal year, making it the highest level in more than ten years.
Consumer products, chemicals, energy, agriculture, business process outsourcing, transportation, and communications make up the majority of major US investment sectors in Pakistan.