PM invites US business tycoons to invest in Pakistan

Imran asks them to attend Global Business Leaders Conference to be held in Pakistan this year


Irshad Ansari October 06, 2019
PM Imran Khan (Photo: File)

ISLAMABAD: Prime Minister Imran Khan has invited United States (US) business tycoons to invest in Pakistan and also extended an invitation to them to participate in the Global Business Leaders Conference scheduled to be held later this year in the country.

The invitation was given by PM-led delegation in meetings with global financial leaders, bankers and investors during Imran Khan’s recent visit to the United States.

The delegation included Adviser to the PM on Finance Dr Abdul Hafeez Shaikh, Adviser to the PM on Commerce Abdul Razak Dawood and State Bank of Pakistan Governor Dr Reza Baqir.

According to details, the delegation apprised the dignitaries of economic reforms taken by the incumbent government. They also discussed the business incentives and future proposals for investment in Pakistan.

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Particular sectors that were highlighted were related to telecom, investment, and equity market, banking, information technology, banking, energy and tourism etc.

Some of the global financial leaders with who meetings were held included JP Morgan Chairman and CEO Jamie Dimon. JP Morgan is the largest investment bank in the US and Dimon was included in Time Magazine’s 2006, 2008, 2009 and 2011 lists of the world’s 100 most influential people.

The PM also met Laurence Douglas Fink, the chairman and CEO of BlackRock, an American Multinational Investment Management Corporation. BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management.

Imran Khan also met Blackstone Group Chairman and CEO Stephen A Schwarzman. Blackstone is the leading global private equity firm and Schwarzman was chairman of US President Donald Trump’s strategic and policy forum.

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During the visit, PM Imran also held a meeting with Brian Moynihan, the chairman and CEO of Bank of America, one of the largest banking institutions in the US.

Robert Rubin, secretary of the treasury in the Clinton administration, and a former co-chairman of Goldman Sachs was another person with whom the PM discussed business opportunities.

Rubin is the founder of the Hamilton Project that advises the government. He is also the co-chairman emeritus of the US Council on Foreign Relations.

PM Imran and his aide on finance also met with senior executives of ExxonMobil, Telenor, Uber, Citigroup, and others during their visit to the US.

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