‘US market bursting with potential for Pakistani products’

Consul General-designate urges businessmen to capitalise on opportunity


Our Correspondent December 21, 2022
Pakistan’s exports to the European Union touched $7.5 billion in 2021. photo: file

ISLAMABAD:

Pakistan’s Consul General-designate to Los Angeles Asim Ali Khan, on Tuesday urged Pakistani exporters to accelerate efforts in capitalising on opportunities available in the United States’ (US) market.

“The US market offers many openings for exports and Pakistani entrepreneurs should accelerate efforts to capitalise on these opportunities to increase exports and earn more foreign exchange for the country,” said Khan while addressing the business community during his visit to the Islamabad Chamber of Commerce and Industry (ICCI).

“The business community should identify specific products that may have good potential to penetrate the US market,” said Khan, assuring the tradespeople of his full support and facilitation in improving exports to the US. He also invited the businesspeople to share concerns and issues being faced in doing business with the US so he could take up the issues with the relevant authorities for redressal.

The consul general-designate also urged ICCI to arrange a meeting with local IT companies to discuss ways to improve the IT sector’s exports to the US. He further assured the business body that he would share business related information with ICCI to enable its members to take advantage of the available business prospects in the US market.

Speaking at the occasion, ICCI President Ahsan Zafar Bakhtawari said, “In 2021, the annual turnover of the US was over $4600 billion, but Pak-US bilateral trade was only up to $12 billion, which was not reflective of the actual potential of both countries.”

Published in The Express Tribune, December 21st, 2022.

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