Pakistan’s showcases ‘addictive’ profitability to US stakeholders

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Ambassador Rizwan Saeed Sheikh told US policy makers and business leaders during a address on Thursday that Pakistan offers “addiction” and extraordinary economic harmony with the United States.

Addressing the Washington World Trade Center, the Ambassador highlighted Pakistan’s dynamic IT sector, young and tech lover’s population, and unused capabilities in technology, agriculture and minerals as important investment opportunities.

He remarked, “From a future point of view, this unique fulfillment between the two mega countries of the world deserves focus, strategic identity and concrete action.”

He also said that the success of more than 80 US multinational companies in Pakistan for the past several decades reflects Pakistan’s profitability and capability as a regional trade center.

Considering the recent rise between Pakistan and India, Ambassador Sheikh reiterated that Pakistan does not seek the conflict and, above all, appreciates peace.

“Although the success of failing the aggression is a sense of pride, we do not want to do it again. We are a peaceful country. At the same time, it increased, we were in the middle of a positive economic pace.”

Explosing long -standing political and economic relations between Pakistan and the United States, the top diplomat highlighted that the trade deficit between the two countries is important. He pointed out that Pakistan ranks 33rd in terms of trade deficit with the United States – a minor personality is $ 3.1 to $ 3.4 billion.

“This is a managed gap that can be bridged through growing imports, such as US cotton and soybeans. Pakistan is already the largest importer of US cotton, an important input for our developed textile industry.”

Sheikh also said that talks with US Agricultural Councils, including the US soybean Export Council and the Cotton Council, were underway to deepen agricultural trade relations.

He highlighted the extraordinary potential for mutual cooperation in the technology sector, with which Pakistan’s youth population data accounts for 65 % of the population under the age of 30.

He added that Pakistan benefited from the cost of 70 % of IT services compared to the United States and 20-30 % of any of our global rivals.

“We are not only cost -effective but also standards, as is shown in the world’s most demanding technical fields, as is an example of high -tech and the only successful aerial warfare between the sixth and seventh May.”

Note the recent investment of barracks gold in Pakistan’s copper reserves and the interest that US investors have brought to the country’s mineral wealth, the envoy reiterated that Pakistan could be the next Saudi Arabia.

“Pakistan plans to transmit and digitize its mineral assets,” he said, which produces new ways for US Finctic Investment and Cooperation.

Pulling a powerful parallel with the role of Mexico for the United States, the ambassador described Pakistan as a connector country in South and Central Asia, which is uniquely positioned for ease of trade between the United States, China and the wider region.

He also noted the key role of about one million Pakistani American Daspura in strengthening bilateral relations and people’s contacts with people. “Our Daspura has performed extraordinary and can be a powerful force in promoting and facilitating the economic engagement of the American Pakistan.”

At the end of its remarks, Pakistan’s top envoy invited US corporations, state governments, and economic stakeholders to find a market of 250 million and take advantage of the major economic opportunities available in the country.