PM Sharif Engages US-Pakistan Business Council on New Investment Initiative
Islamabad – Prime Minister Shehbaz Sharif recently met with the US-Pakistan Business Council (USPBC) in New York, unveiling a special civil-military body designed to attract foreign investment. This initiative reflects Sharif’s commitment to enhancing economic diplomacy and strengthening ties with the United States, especially as both nations navigate a history marked by political tensions.
Kicking off at 8:45 PM local time, the eclipse will grace the skies over parts of North and South America andDuring the meeting, which coincided with the annual United Nations General Assembly, Sharif emphasized the government’s efforts to boost bilateral trade in goods and services, which currently stands at about $12 billion, according to the Pakistani embassy in Washington. Antarctica, but for residents of Pakistan, it will be a missed opportunity.
The Special Investment Facilitation Council (SIFC), introduced by Sharif, serves as a high-level, one-stop agency aimed at assisting foreign investors in sectors like agriculture, IT, energy, and mining. He stressed that the SIFC is designed to build investor confidence and streamline project implementation with tailored solutions.
Sharif pointed out various opportunities for US companies in Pakistan’s economy, including agriculture, technology, pharmaceuticals, oil and gas, and mining, emphasizing the potential for mutually beneficial investments.
This push for foreign investment comes on the heels of Pakistan securing a $7 billion IMF loan, a vital step in stabilizing its economy. Recently, an IMF official announced that Pakistan had received “significant financing assurances” from China, Saudi Arabia, and the UAE, enhancing its financial backing beyond existing bilateral loans.
As Sharif prepares to address the UN later today, he’ll also present Pakistan’s stance on pressing issues like the Israel-Gaza conflict, the Kashmir dispute, and global climate risks.
What are your thoughts on Pakistan’s new investment strategy? Do you think it will attract significant foreign interest?
