WASHINGTON: Pakistan’s Ambassador to the United States Aizaz Chaudhry urged US multinational firms to take advantage of the favorable investment climate in the country, saying the US travel advisory for Pakistan was not in consonance with the positive development there.
The ambassador was talking to the representatives of the US multinational firms at a luncheon reception hosted in his honor by the Potomac Exchange, a Washington, DC based business forum which facilitates meaningful dialogue between US businesses and foreign missions in the United States.
The ambassador shared with the business leaders the current security situation in Pakistan which had improved considerably and created vast economic and investment opportunities. He said the ongoing counter terrorism operations had targeted terrorist groups without any discrimination and they were on the run and their infrastructure dismantled.
“The improved security situation is having a dynamic effect on our economy and Pakistan is attracting foreign investment from all over the world,” said the Ambassador.
A latest country report on terrorism issued by the US State Department has also acknowledged that the terrorism-related in Pakistan had been significantly reduced, following the string of military operations.
Ambassador Chaudhry underscored the need for bringing the US travel advisory in consonance with the positive reality of today’s Pakistan.
He also informed the US entrepreneurs about the salient features of Pakistan China Economic Corridor (CPEC) project and said that CPEC would benefit not only Pakistan but the entire region. In an era of changing economic alignments, regional connectivity is the key to progress & prosperity, he added.
The Ambassador invited the US multinational firms to explore the countless investment opportunities in Pakistan by taking advantage of favorable investment climate. He also briefed them about the tremendous economic turnaround witnessed by Pakistan in recent years. All the economic indicators were projecting upward trend in various sectors of the economy, he added.
In the follow up discussion, participants asked a number of questions focusing on different sectors of the Pakistan’s economy and the investment opportunities available to foreign investors.
President of the Potomac Exchange, Mrs. Katherine Moss, thanked the Ambassador for his participation and stated that the business community was delighted to know about the improvement in the economic and security situation in Pakistan, and that the members were looking forward to benefitting from new investment opportunities in Pakistan.
Potomac Exchange members are some of the largest multinational companies of the US, including Aetna, 3M, Bank of America, BMW Group, Boston Scientific, Kodak, Fluour, General Mills, Google, Lockheed Martin, McGuire Woods, Oracle, Pernod Ricard USA, TE Connectivity, Coca Cola and Viacom. Senior executives from these companies attended the lunch. – APP