Islamabad, Pakistan’s Ambassador to the United States, Masood Khan, emphasized the ripe investment opportunities in Pakistan’s IT, agriculture, minerals, and energy sectors during a virtual meeting with members of the Pakistan-American Chamber of Commerce, Gwinnett Chamber of Commerce Georgia, and Pakistan Chamber of Commerce of USA. The meeting aimed to encourage investment from the Pakistani-American community and other US investors.
According to Press Information Department, Ambassador Khan highlighted the Special Investment Facilitation Council’s (SIFC) efforts in creating an investor-friendly environment in Pakistan. He mentioned the SIFC’s role in simplifying the registration process for foreign investors and providing a one-window platform for ease of doing business.
The Ambassador underscored the government’s commitment to improving the ease of doing business and invited Pakistani-Americans to invest in sectors aligning with their skills and passion. He remarked, “Scale up your investment ambitions and lead the way in the thriving business landscape of Pakistan.”
Khan pointed out the presence of 80 US companies in Pakistan and the country’s potential as an attractive destination for foreign investment, particularly highlighting various incentives in the IT, energy, and mining sectors. He also spoke about the exponential growth of tech startups in Pakistan and the significant reforms in the tech sector, including the creation of E-wallets and Special Technology Zones (STZs).
The representatives of the chambers expressed appreciation for the initiative and the establishment of the SIFC, seeing it as beneficial for Pakistan’s economy. They also hoped that the SIFC would boost the business community’s confidence and contribute to Pakistan’s economic turnaround.
Ambassador Khan proposed the formation of a trade mission comprising members from all chambers of commerce in the United States to visit Pakistan and explore investment opportunities firsthand. He also instructed trade officers in Pakistani Consulates across the United States to assist the business community with Intellectual Property Rights and registration issues.
Furthermore, a special portal linked to the SIFC webpage will be created on the Embassy of Pakistan’s website to provide information on various government incentives. Pakistan’s Consul Generals in New York, Houston, Los Angeles, and Chicago assured their cooperation in providing information to investors.