US investment hits decade high
The research head was of the view that the critically low foreign exchange reserves would not allow improvement in the rupee-dollar exchange rate. photo: file
US President’s Adviser Shahid Ahmed Khan has said that the US has been a leading investor in Pakistan for the past 20 years and in the most recent fiscal year, its direct investment increased 50%, reaching the highest in over a decade.
He invited a delegation from China and Pakistan to a trip to the US for exploring new business ideas and investment opportunities as well as assured them of his embassy’s full support.
The US president’s aide was speaking during a visit to the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) where he discussed trilateral relations between the US, Pakistan and China.
Speaking on the occasion, PCJCCI President Moazzam Ghurki emphasised that the US and China, being the two largest economic powerhouses, could complement Pakistan’s economy in a host of fields. He urged both countries to help enhance trade and economic ties for mutually beneficial outcomes.
Published in The Express Tribune, August 3rd, 2023.
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