PR No. 138 Ambassador Aizaz Chaudhry meets Delegation of Pakistan American Business Association (PABA) Islamabad
Ambassador Aizaz Chaudhry met the delegation led by Pakistan America Business Association (PABA) at Washington DC on Wednesday. The delegation included Tom Garret, Congressman House Committee on Foreign Affairs, Debbie Jones, President of Prince William Chambers of Commerce & Industry and prominent businessmen & Govt. officials. Mr. Siddique Sheikh is the Chairman and Founder of PABA, says a press release received here today from Washington DC.
Ambassador Aizaz Chaudhry warmly welcomed the delegation of PABA and strongly encouraged American businessmen/entrepreneurs for exploring countless investment opportunities in Pakistan.
While speaking on the occasion, Ambassador Chaudhry briefed the delegation about the improved security situation in Pakistan over the span of 2-3 years which is having a salutary effect on the economy. As a consequence, business activity is picking up in Pakistan. China Pakistan Economic Corridor (CPEC) has opened new avenues for Pakistan. Foreign investment is flowing into Pakistan not only by Chinese companies but a large number of Korean, European & US firms, all ready to take advantage of tremendous investment opportunities in the country, he added.
Commenting on Pak-US bilateral relations, Ambassador Aizaz Chaudhry underscored that Pakistan has enjoyed longstanding partnership with the US over last 70 years. No doubt, there were ups and downs in the relationship between the two countries but history bears testimony to the fact that both the countries benefitted whenever they cooperated with each other. There is a strong bond of cooperation between the two countries in different fields such as education, defence, counter terrorism, health etc. It provides a strong foundation to further deepen the relations between the two countries.
During the meeting, PABA delegation discussed various proposals including organizing an international Business Convention in 2018, visa facilitation for business community and greater connectivity between banking channels of both the countries. Ambassador Chaudhry supported the idea of projecting Pakistan as it will provide an opportunity to highlight the great economic potential that Pakistan is offering at the moment, after successfully reversing the tide of terrorism, he added.
Ambassador Chaudhry further said that Pakistan offers a favourable investment environment for US businessmen due to advanced banking system and improved means of communication.
Congressman Tom Garret congratulated Ambassador Chaudhry on assuming his new assignment as Pakistan Ambassador to the US, noted that Pakistan and the US have maintained a close friendship since 1947 and discussed ways & means for improving economic & commercial relations between Pakistan and the US.