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PR No. 133 US AMBASSADOR MEETS ISHAQ DAR Islamabad

US Ambassador, David Hale called on the Finance Minister, Senator Mohammad Ishaq Dar here on Tuesday.

The US Ambassador apprised the Finance Minister about the Pak-US Business Opportunities Conference scheduled to be held in New York in the first week of June 2016. He said the event would help businessmen from both sides to forge economic collaboration. The Minister thanked the US Ambassador for his active support for the Business Opportunities Conference and stated that the government of Pakistan will encourage Pakistani businessmen to make full use of event.

Ambassador Hale said that the US based investors, especially those in the beverage industry acknowledge and appreciate the efforts made by the government in the last three years to provide a level playing field to foreign investors. He said that the positive experience of existing investors would encourage the efforts to bring in more US companies to invest in Pakistan.

Representatives of Pepsico and Coca Cola, who accompanied Ambassador Hale, shared with the Minister, investment profiles of their companies in Pakistan and informed that they were planning to enhance their investment by setting up new production facilities, keeping in view the growth potential in the country. They also presented budget related proposals on behalf of the beverage industry.

 

The Minister welcomed the investment plan of both the companies and said the Government offered a level playing field to all international investors and all possible cooperation is offered to them to undertake business activities in the country. He said government is now focusing on economic growth and employment generation and fully encourages investment in the private sector which helps achieve economic growth and development. He assured the delegation that the budget related proposals put forward by beverage companies will be given due consideration.

Senior officials of the Ministry of Finance and FBR also attended the meeting.

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