The US plans to send 15 trade delegations in Pakistan
The US plans to send 15 trade delegations in Pakistan |The US to send 15 trade delegations to Pakistan next year, Alice Wells. WASHINGTON The United States will send 15 business delegations to Islamabad next year to review opportunities for increasing trade with Pakistan. According to the Dawn newspaper, US Assistant Secretary Alice Wells last week read a document in a think tank in Washington that spoke mostly on the Pak-China Economic Transit C-Pack project but did not include Pakistan and US trade. There were also several tips to promote. The document was posted on the official website of the US State Department, according to which the US Department of Commerce has begun its activities in relation to Pakistan, under which 15 trade delegations are planned to be sent to Pakistan next year. The document states that once expanded financial co-operation development DFC begins, ‘Pakistan will become a country of great interest. According to the document, the volume of investment in DFC will be more than double that of Overseas Private Corporation OPIC and will increase from $ 29 billion to $ 60 billion, it is believed that OPIC is the US Is an organization that stimulates private investment for foreign investment. The document emphasized that doubling the capital would invest in high-quality projects and that financial stability would be sustained for a long time.
Calling Pakistan to take advantage of additional US resources, Ellis Wells reminded Islamabad that real sustainable development is a long process, not a short-term race. He said it would require a regulatory framework, strong rule of law, financial health and effective development of the business environment.
He said that Prime Minister Imran Khan was very enthusiastic about the promotion of trade relations and investment relations with the US on the occasion of his visit to the United States and the two countries are working hard to make it practical. The document also mentions some of the trade links between the United States and Pakistan, such as the US company Accelerate $ 30 million to upgrade floating reservoirs in Pakistan’s first liquid natural gas LNG terminal. Ready to invest.
Similarly, Exxon Mobile is working to support Pakistan’s efforts to access new LNG supplies, and also mentioned Pepsi’s investment in Pakistan by Uber and Procter & Gamble. went. The document states that American companies are providing high quality and technology, and Pakistani leaders often praise Pakistani companies. Along with this, the United States also helped establish some of the most trusted higher education institutions in Pakistan, including the Center for Advanced Studies for Energy in Lums, IBA, JPMChi and NUST. It is clear that the development partnership between the United States and Pakistan is primarily based on grants, not on loans, which is a direction that we envision, Ellis Wells added in the document.