Islamabad, August 09, 2012 (PPI-OT): United States of America is the most important partner in the socio-economic development of Pakistan who, time and again, has extended financial and economic assistance to Pakistan to face the daunting challenges, stated by Haji Fazal Kadir Khan Sherani, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) while talking to Mr. Jonathan Ward, Economic and Commercial Officer of United States who visited FPCCI on Wednesday, August 8.
Haji Fazal Kadir Khan Sherani also said that the significance of USA’s contribution in Pakistan Trade and Economy can be realized with the fact that presently USA is the major trade and Investment partner of Pakistan in addition to the economic assistance provided and promised by the US Government.
Pakistan is a vital ally in the War on Terror. Pakistan has lost both human and collateral damages.US can reciprocate this contribution of Pakistan by helping Pakistan to address the daunting economic challenges through shifting its support from conventional aid to market access, investment, technology transfer, education and training, scientific research and infrastructural development.
US firms could locate their investment in Pakistan for exports to third countries or exploit the domestic market. With an increase in per capita income to $ 1372, purchasing power of Pakistani public has increased which offers an attractive market for US investors.
Mr.Jonathan Ward said that he appreciates the relations with Business Community of Pakistan which are very crucial. He stated that FPCCI is a national organization and our relations will significantly improve trade activities.
He also said that Karachi is an important city for commercial activities as compared to other cities. Objective of his visit was to inform about workshop on “Expanding and Diversifying Pakistan’s Exports to the United States”. He informed that this workshop will be held on 28th August, 2012 at Karachi and will provide tips for exporting to the United Sates and other major global markets with a special focus on opportunities outside of the textile sector.
The workshop will cover three main areas viz Strengthening Trade Relations, Investment and Intellectual Property Right (IPR).He said that he needed FPCCI help and assistance in recommending 50 names from all over Pakistan for attending this Workshop.Mr.Fazal Kadir Khan Sherani assured that FPCCI will certainly provide its assistance in this matter.
Mr. Zubair F.Tufail Former Vice President FPCCI, attended the meeting and informed about the present energy scenario in Pakistan. He also proposed that the US based energy firms invest in Pakistan because whatever capacity these firm will produce would be utilized so companies will receive good profit.
The meeting was also attended by Mr.Iqbal Dawood Pakwala, Begum Salma Ahmad Vice Presidents FPCCI, Engr.M.A.Jabar,Sardar Shaukat Popalzai, Mr.Waheed Shah,Syed Masood Alam Rizvi Secretary General FPCCI, Mr.Ahmad Zaman Khan,Director (EA) FPCCI and Mr.Malik Muhammad Attiq,Commercial Specialist,United States Consulate General.
The meeting was concluded with the presentation of FPCCI crest to Mr.Jonathan Ward.
For more information, contact:
Syed Masood Alam Rizvi
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332