Islamabad, July 20, 2023 (PPI-OT): Pakistan’s Ambassador to the United Stated Masood Khan has urged Pakistani-Americans to scale up their investments in the country as Pakistan is witnessing economic and digital revolution.
Addressing a session on ‘Investment Opportunities in Pakistan’ during conference on Diplomacy for Development arranged by International Academy of Letters USA, he said that time is ripe for the investors to bring their excess capacity to Pakistan and reap huge economic dividends.
Principal Deputy Assistant Secretary Bureau of South and Central Asian Affairs, Elizabeth Horst, Senior State Department officials, Pakistan’s Consul General in Houston Mohammad Aftab Chaudhry and community leaders, entrepreneurs and members of business community were present during the session.
The participants noted that despite economic constraints during recent times, Pakistan presented itself as an attractive destination for investment. The presence of abundant natural resources and 60 percent young population is an asset for Pakistan which needed to be harnessed. It was pointed out that Per capita GDP of Pakistan needed to be increased exponentially. This is possible only by enhancing the investments by both public and private sector.
The Ambassador thanked participants for valuable suggestions for enhancing investment in Pakistan. He said that contrary to the impression of shortage of skilled workforce, the youth of Pakistan nowadays was equipped with the state of the art knowledge and expertise from leading universities of the world.
He said 200 universities of the country are injecting new graduates into the country’s workforce including women entrepreneurs. He said this is a huge transformation that has taken place.
The Ambassador said unicorn companies across the world including US, UK, UAE and China are supporting start-up business ecosystem in Pakistan.
Meanwhile, co-chairing a session on “Role of Trade Diplomacy in Pakistan-US relations” Texas with Principal Deputy Assistant Secretary, Bureau of South and Central Asian Affairs, Elizabeth Horst, Masood Kha urged Pak-American business community to partner in transitioning to new technologies
The Conference was organized by International Academy of Letters USA, Rupani Foundation and Ismaili Council for the South Western USA.
Masood Khan said that IT sector of the country as an important sector which is not competing with any other sector. Discussing efforts being made by Pakistan and the United States to strengthen economic ties, he appreciated U.S. Ambassador Donald Blome for his efforts and also visiting industrial hubs in Pakistan, boosting confidence of the business community and promoting investment in Pakistan.
He appreciated Pakistani entrepreneurs for contributions towards growth of GDP in Pakistan and said they are doing a great job in Pakistan. He also recounted manufacturing, oil and gas sector and tourism, especially eco-tourism, adventure tourism, religious tourism, hospitality sector as growth industries in Pakistan.
Principal Deputy Assistant Secretary Elizabeth Horst in her remarks acknowledged the successes being made by Pak-American business community and professionals and said that amount of knowledge and expertise is staggering and news shared ideas and goodwill will enable us to find a future which is better for both Pakistan and the US.
The session was attended by thirty five leading Pak-American businessmen, entrepreneurs, professionals and area experts who are not only undertaking successful business ventures in the US but have been investing in different projects in Pak’s economy.
For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk
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