U.S. Ambassador Olson Stresses U.S.-Pakistan Financial Ties on Punjab Journey


U.S. Ambassador Richard Olson highlighted alternatives to strengthen financial ties between america and Pakistan throughout visits to Sialkot and Lahore. In Sialkot, Ambassador Olson toured the Sialkot Worldwide Airport, the Silver Star Group, and KM Ashraf Industries. He additionally met with the chief board of the Sialkot Chamber of Commerce and Trade. In Lahore, Ambassador Olson congratulated U.S. corporations for his or her work in Pakistan, together with company social accountability packages, on the annual dinner of the American Enterprise Discussion board.
“America stands with many entrepreneurs right here in Sialkot and throughout Pakistan as you develop your companies,” mentioned Ambassador Olson throughout his go to to Silver Star in Sialkot. Silver Star produces practically 70% of the hand-stitched footballs offered by the U.S. agency Nike. “America is among the many largest buyers in Pakistan, and Pakistan exports extra merchandise to america than to some other nation on the earth,” he added. Ambassador Olson underscored this level throughout a go to to KM Ashraf Industries, which exports greater than $20 million value of sports activities uniforms to america every year.
On the Sialkot Worldwide Airport (SIAL), Pakistan’s first privately-funded worldwide airport, Ambassador Olson congratulated the administration group for current upgrades that enable the airport to hold the load of 10 jumbo planes, benefiting a whole lot of companies and greater than one million vacationers every year. “This can be a clear instance of how private-sector funding can be utilized to fulfill the wants of the enterprise group. SIAL is a mannequin for different cities in South Asia,” mentioned the Ambassador.
At a lunch assembly with the chief board of the Sialkot Chamber of Commerce and Trade, Ambassador Olson mentioned alternatives to additional strengthen ties between U.S. and Pakistani companies. He additionally reminded Chamber members that companies can make the most of the U.S. Generalized System of Preferences (GSP), which permits greater than 3,500 Pakistani items to enter america obligation free.
Ambassador Olson will cap off his private-sector conferences in Punjab by recognizing the company social accountability efforts and powerful enterprise ethics of U.S. corporations working in Pakistan on the American Enterprise Discussion board annual dinner in Lahore.
All through his go to, Ambassador Olson highlighted a number of examples of Pakistani entrepreneurs who’ve benefited from U.S. financial help. U.S. financial help helps companies create jobs and increase incomes with initiatives that develop Pakistan’s agricultural output. U.S. help is constructing roads to facilitate commerce and can provide a non-public fairness fund to assist small and medium-size companies develop. To be taught extra in regards to the many U.S.-Pakistani initiatives which might be making a constructive influence on the lives of Pakistanis.

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