Rawalpindi (TDI): U.S. Chargé d’Affaires Andrew Baker on Monday stressed the importance of strengthening business ties between Pakistan and the United States.
He made these remarks while addressing a conference organized by the Pak America Business Forum and the Rawalpindi Chamber of Commerce and Industry.
In his address, Baker highlighted how the U.S. Mission supports investment in Pakistan through diplomacy and policy advocacy. He noted that Pakistan’s ongoing structural economic reforms could pave the way for a more prosperous future.
“The United States is Pakistan’s largest export market, accounting for 16% of Pakistan’s global exports,” the ambassador said. Baker said Pakistan’s exports to the U.S. have grown significantly over the past decade, describing this as evidence of a robust economic partnership.
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Baker shared that over 80 U.S. companies are operating in Pakistan, which employ 120,000 Pakistanis directly and support over a million jobs indirectly. He praised these businesses for promoting transparency, innovation, and corporate responsibility.
He emphasized Pakistan’s potential as one of the most populous countries with a dynamic young population. He said the U.S. sees opportunities in technology, trade, business, and climate resilience.
He also highlighted the role of the Pakistani diaspora in fostering economic ties. He mentioned USAID’s Pakistan Investment Promotion Activity, which has organized roadshows in various cities, raising $13 million in foreign direct investment.
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Baker cited the success of initiatives like SelectUSA, which helps foreign businesses expand into the U.S. He also mentioned GharPar, a women-led Pakistani company that created 1,000 jobs after participating in a U.S.-funded program.
He invited businesses to participate in the next SelectUSA Summit in May 2025. He reiterated the U.S. Mission’s support for enhancing bilateral trade and investment.
