Islamabad, 29 July 2022 (TDI): The United States (US) Ambassador to Pakistan, Donald Blome called on Pakistan’s Federal Minister for Finance and Revenue, Miftah Ismail at Finance Division.
H. E. Mr. Donald Blome, Ambassador the United States of America called on Federal Minister for Finance and Revenue Mr. Miftah Ismail, discussed avenues of mutual cooperation and vowed to further strengthen bilateral economic, trade and investment ties between both the countries. pic.twitter.com/xFUZjoKwZt
— Ministry of Finance (@FinMinistryPak) July 29, 2022
The US Ambassador was accompanied by Economic Counselor, Aaron Fishman and Treasury Attaché of the US Embassy, Larita Bolden.
Also, the Minister of State for Finance and Revenue, Aisha Ghous Pasha, Special Secretary Finance, and senior officers were present at the meeting.
The Ambassador was warmly welcomed and congratulated on taking office by Finance Minister Ismail. He said that there is a long-standing, and complex relationship between Pakistan and the US.
The Finance Minister also emphasized the government’s economic plan and policies, which are intended to promote fiscal and economic stability.
Furthermore, the Finance Minister said that the government’s primary aim is to attract American foreign investment in various areas of Pakistan’s economy.
He added that the current administration is concentrating on fostering an environment that is conducive to doing business with foreign investors.
Ambassador Blome emphasized the cordial ties that exist between the two nations and expressed faith in the government’s plans and programs. Further, he pledged his support for furthering the promotion of bilateral trade and investment.
The two nations promised to further develop their bilateral economic, trade, and investment connections after discussing potential areas of collaboration.
US and Pakistan Relations
Pakistan’s independence in 1947 led to the establishment of diplomatic ties between the two countries. The stabilization of Afghanistan, counterterrorism, energy, trade, and investment are a few of the many areas whereby the US collaborates closely with Pakistan.
The biggest market for Pakistan’s exports is still the United States, which has been one of the biggest providers of foreign direct investment in Pakistan.
Therefore, in the past two decades, the United States has been one of the top investors in Pakistan. Along with major US investments focused on consumer goods, chemicals, energy, agriculture, business process outsourcing, transportation, and communications.
More to this, the United States has sought to deepen commercial ties with Pakistan. Thus, senior officials from the U.S. Commerce Department and the U.S. International Development Finance Corporation (DFC) have engaged with Pakistani leaders.
