WASHINGTON
\n\u201cThe Special Investment Facilitation Council (SIFC) is shaping a creative investment landscape by promoting investor-friendly environment in the country,\u201d said Pakistan\u2019s Ambassador to the United States.
\n\u201cBy offering one-window platform and fast tracking registration process, the SIFC has made it easier for the foreign investors to do business in Pakistan,\u201d he said. \u201cInvest with full confidence and reap huge dividends being offered by the country in multiple sectors,\u201d he added.
\nAmbassador Masood Khan made these remarks during his meeting with members of the Pakistan-American Chamber of Commerce, Gwinnett Chamber of Commerce Georgia, and Pakistan Chamber of Commerce of USA.
\nThe meeting, held virtually, was attended by Mr. Salman Ajani, CEO of Amazing Energy Solutions, Ms. Innaara Babwani from Gwinnett Chamber of Commerce Georgia, Mr. Amir Piprani, President of Pakistan Chamber of Commerce USA; Mr. Waqar Khan, Chair, OPTV Global, Mr. Fawad Ismail, President of Bankers Association and Mr. Ahmed Chanai, director Pakistan Stock Exchange, Karachi among others.
\nConsul Generals of Pakistan and senior officials from all the four Consulates were also present during the meeting. This is for the first time that all Chambers of Commerce in the United States have come together to discuss investment opportunities in Pakistan.
\nEncouraging the business community from across the United States, Ambassador Masood Khan reaffirmed commitment of the Government to drive positive change in ease of doing business inviting Pakistani-Americans to leverage their expertise and invest in the sectors that match their passion and skills.
\n\u201cScale up your investment ambitions and lead the way in the thriving business landscape of Pakistan. \u201cPakistani Americans are already making waves in diverse sectors, it\u2019s time to make your mark too,\u201d he told the attendees.
\n\u201cJoin the growing league of Pakistani Americans making smart investments in Pakistan. From hospitality to health-tech, diagnostics, and fin-tech, the opportunities to thrive are endless,\u201d he said. \u201cLet\u2019s ignite a wave of innovation and propel our beloved country towards greater success,\u201d he continued.
\nHighlighting the presence of 80 US companies in Pakistan, he said that the US has a comparative advantage because of American companies\u2019 experience in Pakistan spanning decades and their existing infrastructure in the country.
\nNoting multi-billion mega investment projects from Canada, KSA, UAE, and other Gulf countries, he said that the country has opened new doors for foreign investment in four sectors: IT, energy, agriculture, and mining.
\nHe also recounted various incentives that were being offered in IT, energy, and mining sectors to make the country an attractive destination for investors across the globe.
\nHe said that from a modest start of $10 million in venture capital funding in 2018, the country has witnessed exponential growth of tech startups with renowned VCs injecting $1 billion annually. He noted that tech startup turnover for last fiscal year stood at $3 billion.
\nHighlighting reforms in tech sector, Masood Khan said that creation of E-wallets and cashless revolution was transforming the overall financial ecosystem with fin-tech applications making transactions easy, secure and transparent.
\nHe also apprised the participants about Special Technology Zones (STZs) for direct investments.
\n\u201cWith its strategic focus on facilitation and incentives, Pakistan is paving the way for increased foreign investment and thriving business opportunities,\u201d he added.
\nThe representatives of the chambers thanked Ambassador Masood Khan for the initiative and bringing them under one roof. They also appreciated the steps taken by the Government of Pakistan especially the establishment of Special Investment Facilitation Council (SIFC) terming it a \u2018bonanza for the economy of Pakistan\u2019.
\nThey expressed that hope that SIFC would serve as a catalyst towards restoring confidence of the business community and turn around the fortune of Pakistan\u2019s economy. Ambassador Masood Khan urged Pakistani American investors to form trade mission comprising members from all chambers of commerce in the United States that can visit Pakistan to understand investment opportunities in the country.
\nOn the issue of Intellectual Property Rights and registration, the Ambassador instructed all trade officers in the Pakistani Consulates across the United States to connect with the business community and help redressing their issues.
\nIt was also decided during the meeting to create a special portal on the Embassy of Pakistan\u2019s website that would be linked to Special Investment Facilitation Council (SIFC) webpage for the ready information on various incentives being offered by the Government of Pakistan.
\nPakistan\u2019s Consul Generals in New York, Houston, Los Angeles, and Chicago assured their full cooperation in providing speedy information to the business community by arranging briefings for the investors in their respective consulates.
\nMr Amir Piprani, President of Pakistan Chamber of Commerce of the United States also extended an invitation to Ambassador Masood Khan to attend their annual dinner as chief guest in December 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON \u201cThe Special Investment Facilitation Council (SIFC) is shaping a creative investment landscape by promoting investor-friendly environment in the country,\u201d said Pakistan\u2019s Ambassador to the United States. \u201cBy offering one-window platform and fast tracking registration process, the SIFC has made it easier for the foreign investors to do business in Pakistan,\u201d he said. \u201cInvest with […]<\/p>\n","protected":false},"author":2,"featured_media":349798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4070],"class_list":{"0":"post-367444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-masood-khan"},"yoast_head":"\n