Economics & Business

US keen to enhance trade relations with Pakistan

ISLAMABAD: US Embassy’s Counselor for Economic and Commercial Affairs, Amy E. Holman, has said that US is keen to enhance its bilateral trade with Pakistan. Talking to the President Islamabad Chambers of Commerce and Industries (ICCI) Ijaz Abbasi and Senior Voice President Munawar Iqbal on Wednesday, she said that US is funding for the improvement of infrastructure in Pakistan.

She said that Pakistan is progressive developing country and government policies for economic growth are encouraging. She further said that Pakistan has strategic importance and USA can increase trade relations with the country and all the central Asian countries. She mentioned that political stability was must for economic stability of a country.

She said that Pakistan is an important partner against war on terrorism. Answering a question about visa issuance she said that visa will be granted to genuine businessmen after the clearance of state department. Visa application process, she admitted, is slow but the business community can send trade delegations to USA for the enhancement of mutual trade relations.

She informed that USA funded 750 million dollars for power development projects. She also mentioned abut their running projects in FATA. Commercial Counselors mentioned that USA is keen to export cotton, special machinery, animal or vegetable fat, general machinery, fertilizer, transport equipment, organic chemicals and power generating machinery and equipment from Pakistan.

Earlier President ICCI Ijaz Abbasi emphasized the importance of economic relationship and pledged to expand bilateral trade and investment opportunities. He expressed his desire to facilitate the business community and urged to enhance the bilateral trade. Abbasi mentioned that major items of export to USA are textile yarn and fabrics, apparel and clothing accessories, leather and leather manufacturer, surgical instruments and sports goods.

He said that Pakistan is a paradise for foreign investors and government is providing lot of incentives to them. President ICCI showed his great concern over the shortage of energy and demanded the government to adopt the alternative resources to overcome the energy crises.-SANA

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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