KSE100 34021.97  ▲ Increased By 90.74 (0.27%)
KSE30 14855.65  ▲ Increased By 112.54 (0.76%)
BR100 3501.32  ▲ Increased By 23.1 (0.66%)
BR30 18440.14  ▲ Increased By 31.51 (0.17%)

Business Recorder Logo

Jun 01, 2020 PRINT EDITION
Business

Session held to promote trade & investment between Pakistan, USA

Investment Department, Government of Sindh organized an interactive session for the promotion of bilateral trade and investment between Pakistan and United States of America. Mumtaz Ali Shah, Chief Secretary Sindh was the Chief Guest in the event.

March 06, 2020

Investment Department, Government of Sindh organized an interactive session for the promotion of bilateral trade and investment between Pakistan and United States of America. Mumtaz Ali Shah, Chief Secretary Sindh was the Chief Guest in the event.
Rob Silberstein, the US Consul General in Karachi and his team also graced the event as esteemed guests. Other guest included Musadiq Ahmed Khan Secretary Energy Department, Government of Sindh, Adnan Asad President of the American Business Council of Pakistan, representatives of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Overseas Investors Chamber of Commerce and Industries OICCI, Karachi Chamber of Commerce and Industry KCCI and other associations and chambers of commerce and industries in Karachi.
The purpose of the event was to engage the business community in Karachi in order to promote and facilitate conducive business environment in Sindh.
Rob Silberstein stressed on the importance of strengthening cooperation between the United States and Pakistan in order to bring economic prosperity and growth in various sectors such as oil & energy, Information Technology, education and health care. He also focused on curating strong working relationships through B2B and G2B engagements.
The Chief Secretary Sindh stated that the Sindh Government has 65 percent weightage in Ease of Doing Business. He offered the United States to invest in Sindh as the province now has conducive climate for doing businesses. Online operation system has been introduced in the province by the relevant agencies and one window online operations will further reduce human interaction to strengthen process.
"We want to bring a lot of investment in Karachi because the environment of the city is now safe which is helpful for sustainable economic development and growth in the province," he said, adding that he was willing to take drastic measures to facilitate investors.
Secretary Energy Department Musadiq Ahmed Khan briefly presented investment ready projects and said that Sindh province has been blessed with a Wind Corridor with exploitable potential to generate about 60,000MW electricity. Besides SECMC, other lease holders have completed their bankable feasibilities and are actively working to achieve financial close
President American Business Council Adnan Asad said that the business community is an important pillar of the country's economic development. True progress will only be possible through investments by the by the private sector. Also speaking on the occasion, Director (Administration) Investment Department, Qurat-ul-Ain Memon gave a detailed briefing on Sindh's investment potential and elaborated the role of the Investment Department.-PR

Copyright Business Recorder, 2020