\n
ISLAMABAD: The United States is keen to help Pakistan in developing the country\u2019s information technology infrastructure in the underserved areas, its envoy said.<\/p>\n
United States Trade Representative (USTR) Ambassador Michael Froman, during a meeting with the minister for finance Ishaq Dar on Wednesday, said the US looks forward to further collaborate with Pakistan in developing digital economy, which could provide opportunities to far flung areas in the country.<\/p>\n
\u201cPakistan\u2019s information technology infrastructure is growing at a commendable pace and providing opportunities for growth to small and medium enterprises through electronic commerce,\u201d Froman said.<\/p>\n
He thanked the finance minister for Pakistan\u2019s active engagement in the trade and services agreement of the World Trade Organization. \u201cPakistan is leading in this area in the region,\u201d he said. Minister Dar apprised the USTR ambassador of the reforms undertaken by the government for stabilisation and growth of the economy.<\/p>\n
\u201cPakistan has undergone considerable tax reforms, which resulted in record tax revenue collection in the last three years,\u201d he said. \u201cPakistan has also made significant progress in meeting energy shortfall and overcoming security situation of the country.\u201d<\/p>\n
Froman congratulated Dar on successful completion of the International Monetary Fund\u2019s programme. He appreciated the measures taken by the government to turn around the economy. He acknowledged the improved investment climate and economic conditions in Pakistan and expressed full support to measures necessary for strengthening bilateral trade ties.<\/p>\n
The finance minister said the investment policy 2013 of the country aimed at improving the ease of doing business. \u201cAll economic sectors are open to foreign direct investment,\u201d he said. He urged the US government to continue facilitating private US investment in Pakistan.<\/p>\n
Dar said the present government is undertaking the legislations in the fields of anti-money laundering, counter terrorism and companies law. He said Pakistan has recently become a signatory to the Organisation for Economic Co-operation and Development\u2019s multilateral convention on mutual administrative assistance on tax matters.<\/p>\n
The minister appreciated the value of US as a trade partner and hoped that bilateral trade would grow further as there was an immense potential. He encouraged further US investment in Pakistan. \u201cAll possible efforts are being made to ensure that a level-playing field is accorded to international companies working in Pakistan,\u201d he said. \u201cDoors remain open for further investment from and expansion of US companies in Pakistan.\u201d<\/p>\n
Meanwhile, Talal Abu Ghazaleh, a global IT leader, from Jordan, during a meeting with the finance minister on Wednesday, said fast expansion of IT services to far-flung areas of Pakistan and healthy market competition provides considerable opportunities for establishing new businesses in the country.<\/p>\n
Ghazaleh congratulated the finance minister on the country\u2019s economic turnaround in the last three years. \u201cThere are tremendous investment and business opportunities in Pakistan,\u201d he said.\u00a0 The minister said the government\u2019s priority is to further improve the ease of doing business indicator.\u00a0 \u201cPakistan is receiving international recognition for creating the right atmosphere for international businesses to invest in the country,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: The United States is keen to help Pakistan in developing the country\u2019s information technology infrastructure in the underserved areas, its envoy said. United States Trade Representative (USTR) Ambassador Michael Froman, during a meeting with the minister for finance Ishaq Dar on Wednesday, said the US looks forward to further collaborate with Pakistan in developing […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,1],"tags":[],"class_list":["post-1142","post","type-post","status-publish","format-standard","hentry","category-general-news","category-international","last_archivepost"],"_links":{"self":[{"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1142"}],"version-history":[{"count":1,"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1142\/revisions"}],"predecessor-version":[{"id":1143,"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1142\/revisions\/1143"}],"wp:attachment":[{"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpectrade.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}