Pakistan's Ambassador to the US Masood Khan assured a delegation of the American Pakistan Business Development Forum on Tuesday to remove obstacles in the way of Pakistani businessmen and investors in the US.
The delegation met Masood at the Pakistan embassy in Washington DC and was led by Chairman Zeeshan Altaf Lohya. It included renowned businessmen from various sectors of the economy, including IT, architecture, interior design, textile and education, among others.
The delegation discussed matters relating to viable business opportunities in the US and the means to strengthen and expand business, trade and investment ties.
It also expressed interest in furthering investment in traditional and non-traditional sectors and removing impediments encountered by the business community.
Read Businessmen demand removal of trade hurdles
The business leaders expressed interest in expanding trade and investment ties with the US and taking advantage of available business opportunities.
Ambassador Masood, while welcoming the delegation, appreciated their interest and enthusiasm. He said that enhancing bilateral trade volume and investment in Pakistan was a foremost priority.
The ambassador added that networking between the countries’ business communities and removing obstacles was a vital aspect of implementing the economic vision of the government.
He also stated that such an approach was necessary to facilitate the private sector in playing a leading role in the strengthening of Pak-US trade ties.
Masood said that the one million Pakistani diaspora in the US was a critical asset in cementing bilateral relations. “It has a huge potential to further strengthen our trade ties,” he added.
The ambassador observed that the western superpower remained Pakistan's largest export market with approximately six billion dollars worth of goods and services exported.
While the export volume was encouraging, he revealed that a target has been set to enhance the existing volume threefold. “This calls for combined efforts, Pakistan and [the] US have decided to make trade ties pivotal in their bilateral equation,” he added.
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Masood underscored the need for introducing Pakistan’s products to the American market, keeping in view the demand, existing laws and standards. He urged businessmen to take advantage of regularly held trade fairs and exhibitions across the US.
The ambassador especially highlighted the US’ interest and support towards Pakistani start-ups and technology firms. He termed recent figures in the tech sector as encouraging and stated that in order to enhance exports, it was important to employ technology in exploring new consumer markets.
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