Pakistan's finance adviser lauds US support in FATF

Hafeez Shaikh says business environment ideal in Pakistan

ISLAMABAD: Pakistan appreciates the support extended by the US in the Financial Action Task Force (FATF), fight against Covid-19 and debt relief from G20 countries, said Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh.

In virtual discussion with members of the US-Pakistan Business Council, Shaikh said, “We value our relationship with the US, particularly business collaborations, which have a great potential for growth given the opportunities for business and investment available in Pakistan.”

He said the business environment in Pakistan, facilitated by a greater ease of doing business, improved regulations and huge market potential, was ideal for US businessmen for making investment and forming joint ventures. The adviser said the government had recently announced Rs1.2-trillion stimulus package to shore up the economy and boost businesses.

Similarly, the upcoming budget was being designed in a way to provide maximum relief and incentives for businesses and promote trade by reducing tariffs on a large number of raw materials. Speaking on the occasion, US-Pakistan Business Council President Esperanza Jelalian and Chairman Steven Kobos said the US government and businessmen saw Pakistan as an important trade partner.

Published in The Express Tribune, May 21^st, 2020.

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