Caretaker Prime Minister Anwaar-Ul-Haq Kakar spoke to a delegation from the US Pakistan Business Council (USPBC) at the United Nations General Assembly (UNGA) in New York. He encouraged the US corporate sector to strengthen its relationship with Pakistan and attract investments in all sectors of the country’s economy. Kakar highlighted that the government’s top priority is to create a business-friendly environment and welcomes suggestions from US companies. The government has established the Special Investment Facilitation Council (SIFC) to facilitate foreign investors and accelerate project implementation in priority areas such as agriculture, IT, energy, and mining. SIFC aims to attract $100 billion in foreign direct investment within three years. Kakar specifically mentioned agriculture, tech including fintech, pharmaceuticals and health, and digital banking sectors as areas where US companies could increase their investments in Pakistan. The President of USPBC, Esperanza Jelalian, expressed the council’s commitment to exploring mutually beneficial ways of cooperation with Pakistan. USPBC members briefed Kakar on their businesses in Pakistan and their plans to expand in the Pakistani market.
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