US company to invest in Pakistan in wake of CPEC

ISLAMABAD: A leading US based company has shown interest for investment in Pakistan in the wake of opportunities offered by the China-Pakistan Economic Corridor (CPEC).

A high level eight-member delegation of the US based international company, World Technological & Trade, Inc (WTTI), led by its Chairman, Dr. Robert Y.NI visited Intellectual Property Organization (IPO-Pakistan). Muhammad Irfan Tarar, Director General, IPO-Pakistan welcomed the delegation and briefed them about Intellectual Property Rights (IPRs) protection in Pakistan, said a press release issued by IPO on Wednesday.

Dr Robert said his company would like to invest in the fields of Mining, Information Technology, Robotics and Pharmaceuticals and use their expertise in these areas. He termed the meeting as a very important step towards establishing of business in Pakistan as their business would require safeguarding of IPRs.

Tab Ballantyne, executive vice president of the company appreciated the business environment of Pakistan and stated that WTTI would like to take maximum benefit from this business-friendly environment. He urged rest of the world to stop portraying negative propaganda about Pakistan as the business environment in Pakistan had great potentials to attract foreign investment.

Director General, Trade Policy, Nauman Aslam Sheikh informed the delegation about latest trade policy initiatives of the Government of Pakistan and said that the new policies are more business and investment friendly. Meesaq Arif, Executive Director, briefed the meeting about the working of IPO-Pakistan and said that Pakistan has been removed from the US priority watch list. Moreover, as per World Economic Forum’s Global Competitiveness Report, Pakistan has improved twelve points in the index from 109 in 2016-17 to 97 in 2017-18.