U.S. Ambassador Promotes Commerce and Funding Ties in Karachi

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U.S. Ambassador Promotes Commerce and Funding Ties in Karachi

The Abroad Buyers Chamber of Commerce and Trade (OICCI) hosted U.S. Ambassador to Pakistan Richard G. Olson for a dialogue with enterprise and trade leaders on December three in Karachi. Ambassador Olson’s remarks emphasised the significance of continued cooperation between the USA and Pakistan in an effort to improve commerce and funding ties and assist Pakistan’s entrepreneurs.

Ambassador Olson highlighted how each nations are partnering to create a “pro-business, pro-investment, and pro-innovation local weather.” He mentioned, “We’re proud that the USA is each Pakistan’s largest buying and selling companion and one in all its largest traders. In 2013, two-way commerce totaled greater than $5 billion and U.S. corporations have invested $1.three billion within the Pakistani economic system within the final seven years.”

Ambassador Olson additionally outlined how each nations are transferring from “an assistance-based relationship to at least one primarily based extra on commerce and funding” and the USA’ dedication to supporting long-term self-sufficiency for Pakistan. He identified that the United Sates is partnering with Pakistan to attain progress and construct a basis for industrial success by constructing enterprise ties and trade capability, supporting Pakistan’s younger entrepreneurs, and addressing among the challenges which have slowed the tempo of financial progress in Pakistan.

The Ambassador additionally spoke in regards to the October assembly of the Financial and Finance Working Group, a component of the Strategic Dialogue, led by Below Secretary for Economics, Power, and Enterprise Catherine Novelli and Finance Minister Ishaq Dar. The working group centered on the concrete steps each nations are taking to enhance commerce and funding ties, such because the joint announcement of a U.S.-Pakistan Financial Partnership Week in early 2015.

Ambassador Olson concluded his remarks by highlighting the vital function that enterprise and trade leaders can play in financial progress by saying, “…for the U.S.-Pakistan relationship to proceed to develop, it’ll should be much less about what our two governments do than about what our peoples and companies can accomplish collectively. ”

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