KARACHI: The Consul General of the United States of America in Karachi Scott Urbom has said that American businesses in Pakistan are playing a crucial role as corporate citizens, contributing significantly to local economies and communities.
Speaking at a Gong Ceremony at Pakistan Stock Exchange on Thursday, the US Consul General said these American businesses are among the largest employers in the country, providing substantial tax revenues and engaging in impactful social responsibility initiatives.
“Our goal is to continue to strengthen this economic partnership, fostering equitable and sustainable growth that benefits both of our countries,” Urbom added.
Earlier, the US Consul General struck the gong at a ceremony held at main trading hall of the Pakistan Stock Exchange to open the trading day.
On arrival of the Pakistan Stock Exchange, the Consul General and his team were welcomed at the Exchange by Dr. Shamshad Akhtar, Chairperson PSX; Nadeem Naqvi, Acting CEO PSX; Board members PSX, and senior management of PSX. The guests at the ceremony also included business leaders from US based companies functioning in Pakistan.
Nadeem Naqvi, Acting CEO PSX, while speaking at this ceremony warmly welcomed Scott Urbom, the US Consul General in Karachi and his team to the Stock Exchange. He also welcomed the leading representatives of US based companies functioning in Pakistan.
Nadeem Naqvi highlighted the crucial place of Karachi in Pakistan’s economy as a city of 24 million inhabitants where both demand and supply of goods and services was a key attraction for both local and foreign companies.
He noted the entrepreneurial energy of Karachi which was a magnet of people from all over the country who wanted to improve their economic wellbeing.
Speaking at the occasion, Dr. Shamshad Akhtar, Chairperson PSX, giving an overview of the national economy from a macro perspective, talked about the vital role played by the Exchange in terms of capital formation and wealth creation and expressed that it was a matter of pride for the Exchange to have the US Consul General and his team visit PSX at the gong ceremony, signifying the dynamic economic and business relationship between Pakistan and the United States.
Copyright Business Recorder, 2024
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