Initiative launched to enhance Pak-US trade

Project will strengthen business environment, attract FDI


Our Correspondent November 17, 2022
PHOTO: FILE

ISLAMABAD:

In order to mark the Global Entrepreneurship Week, US Ambassador Donald Blome, joined by Minister of State for Finance and Revenue Ayesha Ghaus Pasha, launched an initiative to enhance trade ties between the United States and Pakistan.

The initiative titled “Investment Promotion Activity” (IPA), to be implemented by the United States Agency for International Development (USAID), is a five-year project that will help strengthen Pakistan’s business environment, build the capacity of institutions focused on investment promotion, attract foreign direct investment (FDI) and increase bilateral trade and investment.

At the launch, Blome remarked that the US had been a leading investor in Pakistan for the past 20 years and its investment rose to the highest in over a decade.

“As part of the US government’s long-term commitment to helping Pakistanis secure a more prosperous future, USAID is working closely with the government of Pakistan to streamline its business practices, improve governance and promote regulatory reforms and competition with the goal of lowering the cost of doing business and strengthening the investment climate for foreign investors,” he added.

Published in The Express Tribune, November 17th, 2022.

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