March 30, 2023

A United States’ business delegation has shown interest in investing different sectors in Pakistan including renewable energy, textile, and agriculture, a statement said on Friday.

The delegation headed through dilawar syed, nation department’s special representative for commercial and business affairs held a assembly with finance minister miftah ismail at finance division, where representatives of global development finance enterprise (dfc) and us embassy had been also present. It become shared that the dfc is planning to revise the power purchase agreements (ppas) of its sponsored wind strength projects relying upon the aid and cooperation of presidency of pakistan. The finance minister welcomed the delegation and apprised them approximately financial challenges being faced by means of the government.

The chair additionally apprised delegation approximately reforms in policies that have been undertaken with the aid of the present authorities to address those challenges.

“we’re getting a glimpse of the destiny opportunities for an evolving us-pakistan courting post-afghanistan withdrawal. Nation’s pinnacle authentic on industrial affairs is now in islamabad w/reps from dfc. This comes soon after new us amb announced a new bilateral fitness communicate,” said michael kugelman, deputy director asia software.

“great that dfc representatives are in islamabad. In an asia context, dfc is frequently related w/the united states indo pacific strategy, which pakistan would not appear to be part of. Dfc itself describes indo pacific as “a enormous vicinity that stretches from india to southeast asia & the south pacific,” he introduced. At some point of the assembly, ismail shared that the reforms aimed toward improving the gdp increase, attracting the foreign direct funding (fdi) and augmenting exports of the u . S ..

The finance minister additionally shared that gift authorities changed into devoted to offer conducive environment for foreign funding and turned into additionally promoting overseas groups, specially worried in vehicle and cell assimilation for advertising of exports. The us delegation confirmed their interest in investments in various sectors including wind, renewable power, textile and agricultural region. Ismail, on concluding be aware, shared that the authorities become striving for bringing in growth in energy, export and overseas funding and each required step in this regard would be undertaken, he vowed. Gaia self, local policy lead for europe and principal asia, dfc, dan froats, financial counselor, us embassy, secretary finance and senior officials from finance department and us embassy attended the meeting.

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