Islamabad:
Natalie Baker by American Chargé D’A Asfaires emphasized Pakistan’s potential as a dynamic investment destination during a web seminar organized by the Business Council for International Understanding (BCIU) the other day.
The session brought together American and Pakistani business leaders, together with representatives of financial institutions, to discuss the Economic Reform and Panning Agenda of Pakistan.
Praising the efforts of the Government of Sharif to stabilize the economy and promote a friendly environment with investors, CDA Baker stressed the opportunities for US companies to play a fundamental role in supporting the long -term growth of Pakistan.
“Pakistan is the fifth largest country in the world, a home of 250 million people, with 64 percent of the population under 30. It represents one of the largest and younger consumer markets in the world,” Baker said. “Pakistan’s GDP is $ 412 billion, occupying the 38th position worldwide, but Goldman Sachs projections suggest that it could grow to $ 3.3 billion by 2050, positioning it between 10 and 15 main economies worldwide.”
He highlighted several sectors prepared for US investment, including critical minerals, information and communications technology, agriculture, energy and infrastructure development.
Baker also encouraged US companies to associate with the US foreign commercial services team. In the United States mission, Pakistan and explore joint companies with local counterparts.
“Let’s take advantage of this moment to create profitable opportunities for US companies, contribute to shared economic prosperity and strengthen ties between our two nations,” he concluded.
