Business Council for International Understanding in Washington DC held a luncheon discussion today with Ambassador Jalil Abbas Jilani. The discussion was arranged by Harris Corporation – a leading US international communications and information technology company having significant presence in Pakistan. CEO’s of leading US businesses and entrepreneurs were invited to participate in the discussion.
In his opening remarks, Ambassador Jilani highlighted the various steps the Government of Pakistan has taken to facilitate foreign direct investment and business facilitation. Due to these measures, the Ambassador stated, Pakistan’s economy has been revived, inflation and fiscal deficit reduced and flow of FDI increased. Moody’s has recently raised Pakistan’s standing from negative to stable and the World Bank has placed Pakistan ahead of many countries in the region on the ease in doing business index.
Referring to various projects of regional connectivity including Pakistan-China economic corridor, CASA-1000, TAPI gas pipeline and Afghanistan Pakistan Transit Trade Agreement (APTTA) and other projects, the Ambassador said that completion of these projects will open up erormous opportunities for international investors to invest in Pakistan. He also invited them to invest in Pakistan’s energy sector projects including Dasu and Diamer Basha Hydro power projects. The Ambassador also encouraged them to participate in the forthcoming Diamer Basha Business Opportunity Conference being held in Washington DC in October 2014.
During the interactive session, the Ambassador responded to various questions related to business opportunities in various sectors of Pakistan’s economy including health, education, and development of women entrepreneurs. The Ambassador stated the following the successful military operation in North Waziristan, the Government is coming up with a Plan of Action for Rehabilitation of the IDPs. He invited the US companies to participate in various economic projects in FATA so as to provide job opportunities to the people of the region.
August 19, 2014