Pakistani Federal Minister for Data Shibli Faraz says his nation would welcome funding by American corporations. He additionally expressed want for US corporations to usher in superior know-how.
Throughout a gathering with US cost d’affaires Angela Aggeler, the minister stated that Islamabad extremely values its relations with Washington and is able to additional strengthen cooperation. Aggeler agreed with the minister’s views on selling the 2 nations’ financial cooperation.
Whereas discussing new types of cooperation throughout the coronavirus pandemic, Faraz stated that the digital outreach has drastically helped enterprise actions and transactions to go surfing. “It has been a fantastic studying expertise for us,” he stated.
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Overseas traders rush into Pakistan, with inflows surging 200% in first half of the 12 months
The US has been one of many high traders in Pakistan during the last twenty years, with main investments concentrated in shopper items, chemical substances, vitality, agriculture, enterprise course of outsourcing, transportation, and communications. It is usually Pakistan’s largest export vacation spot nation, with the 2 nations’ bilateral commerce amounting to $ 6.5 billion final 12 months.
Pakistan noticed unprecedented inflows of overseas cash final 12 months as traders have been lured by excessive rates of interest and guarantees of financial reform. In response to Abdul Hafeez Shaikh, monetary adviser to Prime Minister Imran Khan, overseas direct funding surged by 200 p.c within the first half of 2019. World traders purchased one-year bonds price $ 642 million in November alone.
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