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Pakistan’s Envoy Promotes Pak-US Trade, CPEC

Washington (TDI): Pakistan is committed to strengthening democratic institutions and stabilizing the economy, Ambassador Rizwan Saeed Sheikh said in Washington on Thursday.

Speaking at the “Ambassador Insider Series,” hosted by The Washington Diplomat, he underlined Pakistan’s economic recovery, citing a sharp decline in inflation from 38 percent in May 2023 to 4.1 percent in December 2023 as evidence of effective policies.

Attended by US think-tank members, Capitol Hill staffers, academics, and media representatives, the event focused on the economic and trade potential of Pakistan.

The envoy emphasized Pakistan’s growing IT sector, noting that the country is the second-largest contributor to IT freelancing globally, behind only the United States.

He underlined Pakistan’s competitiveness in IT outsourcing and its strong manufacturing base in sports goods and surgical instruments.

“The US remains Pakistan’s largest trading partner. Expanding economic diplomacy and enhancing commercial linkages is my foremost priority,” he siad, highlighting the stability of US-Pak trade ties.

On investment, the ambassador said Pakistan is prioritising export-oriented, self-sustaining projects to avoid past foreign exchange challenges.

He invited US companies to explore Pakistan’s trade incentives, citing multinational companies like Procter & Gamble, PepsiCo, and Nestlé that have benefited from the country’s economic positioning.

Also Read: Pakistan Aims to Strengthen Ties with US

Discussing the China-Pakistan Economic Corridor (CPEC), the envoy called it a transformative project connecting China with the Persian Gulf and African markets, reiterating that Islamabad is open to US participation.

Addressing regional security concerns, he reaffirmed Pakistan’s commitment to combating terrorism and securing its porous borders.

Also Read: Pakistan-US Nursing Workforce Export Gains Momentum

Shiekh noted Pakistan’s historical role as both a frontline state and a victim of terrorism, especially due to the legacy of militancy from the Afghan war era.

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