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Traders invited to attend USA investment summit


4/25/2017

ISLAMABAD (INP): Steve Knode, Commercial Counselor of USA visited Islamabad Chamber of Commerce and invited Pakistani business community to participate in Select USA Investment Summit that is scheduled to be held in Washington DC, USA from June 18,20, 2017.

He said the event provided Pakistani investors a good platform to explore new business opportunities by interacting with global participants.
 
He said the US welcomes investors of all sizes, including established multinationals, SMEs and high-growth startups. He said the Select USA Investment Summit brings the diversity of the United States together under one roof enabling any business to find the people, the resources, and the market it needs to be successful.
 
He said that the participants at the first three Investment Summits had announced more than $20.6 billion in greenfield FDI into the United States since 2013. He stressed that Pakistani investors should take maximum participation in this event to enhance their business prospects.
 
He said Pakistan’s exports to US were improving and added that close collaboration between private sectors of both countries would be helpful in bringing latest technology and machinery to Pakistan in various fields.
 
Speaking at the occasion, Khalid Malik, Senior Vice President, Islamabad Chamber of Commerce and Industry said that Pakistan and US were strategic partners in war against terrorism, however, the economy of Pakistan has suffered losses of billions of rupees due to fighting against terrorism.
 
He was of the view that the best way for USA to support Pakistan’s economy was to provide enhanced access to its products in US market.
 
He said Pakistan and USA should promote strong linkages between their private sectors to establish long-term and sustainable trade and economic relations. He assured that ICCI would like to work with US Embassy for bringing business community of both countries even closer.
 
Towards the end of the meeting, Khalid Malik, SVP presented a shield of ICCI to the visiting guest.
 
US committed to improve trade, investment ties with Pakistan, says Knode: United States is committed to improve trade and investment ties with Pakistan as both countries have good potential to establish business partnerships. This was stated by a commercial Officer from US Commercial Service Stephen P. Knode during visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) and talking to President RCCI Raja Amer Iqbal here on Tuesday. He said, “We want to improve our bilateral trade relationship and look forward for partners with a prime objective of economic engagement.”
 
The Commercial officer appreciated RCCI role in promoting business activities and trade relations by holding exhibitions inside and outside country. He invited business community to attend Select USA investment summit to be held on June 18-20, 2017. There are great opportunities for small and medium size companies as representatives from more than 45 states participating in the summit, he added.
 
I have seen lot of positive things and I will encourage US companies to take benefit of prospective opportunities in Pakistan, he said. Referring to China Pakistan Economic Corridor (CPEC), Stephen Knode said that this will help Pakistan to improve its infrastructure and regional connectivity. 
 
Earlier, in his welcome address, Raja Amer Iqbal, President, RCCI said that bilateral trade between Pakistan and USA is far less than real potential of both countries. He said both countries should focus on frequent exchange of trade delegations to improve two-way trade. Businesses to business (B2B) meetings are very important to understand each other requirements.US should promote trade with Pakistan which is the best way to strengthen Pakistan’s economy, he further added.
 
RCCI President said that $51 billion CPEC project is the part of $1465 Billion One Belt One Road (OBOR). Pakistan’s economic outlook offered promising future and urged that more US investors should explore Pakistan for joint ventures and investment in energy, Pharmaceutical, infrastructure development and other sectors. Business community believed that CPEC should not be centric to any specific country.
 
It offered great regional connectivity and integration from South Asia to Central Asian Countries and beyond. A short briefing was also given to the commercial officer on RCCI current and future programs.
 
Senior vice President Rashid Waen, Vice President Asim Malik, chamber members and Secretary General Irfan Manan was also present on the occasion.