The Ambassador of Pakistan to the United States, H.E. Rizwan Saeed Sheikh, met today with Mr. Mark Jaffe, President and CEO of the Greater New York Chamber of Commerce, to discuss initiatives aimed at enhancing bilateral trade and investment between Pakistan and New York.
The Ambassador appreciated the Chamber’s ongoing collaboration with the Consulate General of Pakistan in New York and thanked Mr. Jaffe for his support and interest in Pakistan’s recent 5th International Textile and Leather Exhibition (TEXPO) 2024, held in Karachi last month. He also invited the Chamber to participate in the upcoming 4th Engineering & Healthcare Show scheduled to take place in Lahore in April 2025.
During the meeting, the Ambassador highlighted the pivotal role of Pakistan’s Special Investment Facilitation Council (SIFC) in fostering investment opportunities across multiple sectors. He underscored Pakistan’s liberal investment regime, strategic geographic location, and incentives for foreign investors, emphasizing the benefits for New York businesses seeking to expand their footprint in South and Central Asia. He noted that Pakistan’s Generalized System of Preferences Plus (GSP+) status in the EU and Free Trade Agreement (FTA) with China provide added advantages for investors.
Mr. Jaffe expressed strong interest in Pakistan’s textile, leather, surgical, and IT sectors. He outlined the Chamber’s efforts to promote trade and investment between New York and Pakistan and assured his commitment to disseminating information about Pakistan’s upcoming trade events to the Chamber’s extensive network.
Both sides concluded the meeting with a shared resolve to strengthen collaboration between the Chamber and the Consulate, aiming to further promote trade ties between New York and Pakistan.
15 November 2024
New York
