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U.S.-Pakistan Business Council leads Trade Mission to Pakistan and Releases Report
WASHINGTON, D.C.—Following a trade mission this week to Pakistan, the U.S. Chamber of Commerce’s U.S.-Pakistan Business Council (USPBC) today released a report highlighting the country’s economic potential. The report, titled “Partnering to Bolster Growth and Enhance Pakistan’s Competitiveness,” offers a set of recommendations that American companies established in Pakistan believe can help sustain and attract foreign investment and enhance growth in the country.
“American investors are increasingly bullish about commercial opportunities in Pakistan, and our visit to Islamabad demonstrates the Council’s commitment to work with government officials to help expand trade and investment flows between the two countries,” said Miles Young, Chairman of the USPBC. “We are optimistic about the future of Pakistan and believe that the country has the potential to become a vibrant and dynamic emerging economy.”
Esperanza Jelalian, President of the USPBC, added, “In meetings with government officials and private-sector leaders, including Prime Minister Nawaz Sharif, the delegation also discussed the role of the U.S. private sector in strengthening U.S.-Pakistan relations. The release of today’s report is the result of a year-long effort that included research, a survey, and interviews with U.S. companies established in Pakistan.”
The report offers 17 recommendations in key priorities identified by USPBC members that could be addressed in the short term in the areas of taxation, protection of intellectual property rights, and bankruptcy and dispute settlement procedures. The report also recommends the government to consider the following next steps: Continuing to pursue macroeconomic stability; implementing reforms to sustain and attract investment; supporting energy and infrastructure development; and launching the U.S.-Pakistan Business Dialogue.
A full copy of the report can be read here.
The U.S.-Pakistan Business Council is the premier organization in Washington dedicated to the broad advancement of U.S. commercial engagement in Pakistan. Since 2002, the Council has provided a national forum for dialogue on key economic, commercial, humanitarian, and political issues of interest to American companies operating in or exploring business opportunities in Pakistan.