Economic growth
Silicon Valley
Pakistan’s Ambassador to the United States Masood Khan says Pakistani American Tech entrepreneurs can act as a catalyst to accelerate growth and investments in Pakistan’s IT and start up sectors.
Speaking at the Organization of Pakistani Entrepreneurs (OPEN) Annual Forum at the Silicon Valley, he said recent uptick in the bilateral relations between Pakistan and the United States has provided a window of opportunity for the Pakistani-Americans to invest in Pakistan.
He noted that both countries had prioritized economic partnership to be the new anchor of bilateral relations and were working together to create opportunities for cooperation in trade, technology, health, energy, agriculture and education.
Briefing the participants on investment opportunities in Pakistan, the Ambassador said that Pakistan’s pivotal geographical location, its extended neighbourhood and its impressive demographic cohorts make it an ideal destination for investment. He noted that around 80 U.S. companies and corporations had been doing business in Pakistan for decades. He said that the Government of Pakistan had taken a number of steps to improve the investment climate in the country, including liberal visa regime, streamlining of taxes and easy repatriation of profits. As a result, he added, U.S. technology investors and venture capitalists were investing in Pakistan’s startup eco-system in e-commerce, fintech, health, retail and supply chains.
