Washington: Pakistan's Ambassador to the United States Rizwan Saeed Sheikh says Pakistan presents profitable opportunities for U.S. entrepreneurs, particularly in the fast-growing and lucrative IT, energy and minerals sectors.
Ambassador Rizwan Saeed Sheikh made these remarks during a meeting with a delegation from the Yale School of Management in Washington, DC.
The Ambassador said with the leadership of both countries committed to anchoring bilateral relations in economic cooperation, we are fully committed to providing a conducive and investor-friendly environment.
He said strategically located at the crossroads of South Asia, Central Asia, and the Middle East, Pakistan serves as a vital trade corridor, offering U.S. businesses connectivity to energy-rich Central Asian markets and liquidity laden Gulf States.
Rizwan Saeed Sheikh also highlighted the positive trajectory of Pakistan-U.S. relations and ongoing efforts geared to strengthening trade and investment ties for the mutual benefit of both nations.
He emphasized that Pakistan offered significant opportunities in tourism, agriculture, energy, manufacturing, and information technology sectors, noting the country's comparative advantages in cost-effectiveness and qualitative terms.
Describing Pakistan's tech-savvy youth - the largest and expanding demographic cohort - as a key national asset, the Ambassador stressed that the talented workforce would effectively meet the growing demands of the U.S. market, particularly for businesses and tech entrepreneurs.
He also outlined various policy measures taken by the Government of Pakistan, including the pivotal role of the Special Investment Facilitation Council (SIFC), to enhance ease of doing business and attract foreign investment.
Rizwan Saeed observed that the success of over 80 U.S. companies already operating profitably in Pakistan bears testimony to the country's vast economic potential.
The Ambassador welcomed and appreciated the initiative by the United States-Pakistan Business Alliance to organize the Yale delegation's visit and assured full support and facilitation during their trip.
On the occasion, the delegation thanked the Ambassador for the insightful briefing and looked forward to Embassy's facilitation during their forthcoming trip to Pakistan.