News
January 26, 2024
‘Pakistan Most Attractive Investment Hub’ for US Investors
Washington: Pakistan offers as the most attractive and profitable investment destination for US investors and they should capitalize on the country’s improved business climate.
This was stated by Ambassador Masood Khan. He cited the role of the Special Investment Facilitation Council (SIFC) in providing comprehensive facilitation and a one-window solution for investors to tap into the vast markets of Pakistan and the region.
The ambassador made these observations during a virtual meeting with the President of the Pakistan Chamber of Commerce USA, Amir Piprani, and his team, as per a press release of the Pakistani embassy in Washington.
Pakistan’s Consul General in Houston, Aftab Ahmed Chaudhry, and Trade & Investment Attaché, Shaista Bunyad, were also present during the meeting. Ambassador Khan highlighted information technology, energy, agriculture, and minerals as priority areas for investment. However, he assured that facilitation would be extended to every single investment across all sectors of the economy. The establishment of SIFC aims to ensure proper facilitation for foreign investors, especially the Pak-American business community, seeking to invest in Pakistan.
Piprani briefed Ambassador Masood Khan on the activities of PCC-USA, particularly highlighting the Pakistan Business Expo 2024 scheduled for October in Houston, Texas. The expo aims to showcase various Pakistani products in diverse areas, including sports, surgical instruments, IT, beauty and health, food and beverages, oil and gas, textile and jewels. The Ambassador assured the PCC-USA of every possible facilitation by the Embassy and Pakistani Consulate in Houston for organizing this event. - The Express Tribune
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Iran's FM to Visit Pakistan to Rebuild Ties after Missile Strikes
Islamabad: Pakistan said on Monday Iran's foreign minister will visit the country next week, signaling efforts to mend relations after the neighbors exchanged missile strikes last week at what they said were militant targets.
Ambassadors of both countries have also been asked to return to their posts by Jan 26, the Pakistani foreign ministry said in a statement. Iran's foreign ministry confirmed that Foreign Minister Hossein Amir Abdollahian would visit on Monday, and said its ambassador would resume duties in Islamabad on Friday.
Pakistan had recalled its ambassador to Tehran and had not allowed his counterpart to return to Islamabad, as well as cancelling all high-level diplomatic and trade engagements.
"At the invitation of Foreign Minister Jalil Abbas Jilani, Foreign Minister of the Islamic Republic of Iran, Hossein Amir Abdollahian, will undertake a visit to Pakistan on 29 January 2024," a Pakistani foreign office statement said.
The tit-for-tat strikes by the two countries were the highest-profile cross-border intrusions in recent years and have raised alarm about wider instability in the region since the war between Israel and Hamas erupted on Oct 7.
The two Muslim nations have had a history of rocky relations, but the intrusions amounted to the highest level of attacks in decades.
Islamabad said it hit bases of the separatist Baloch Liberation Front and Baloch Liberation Army, while Tehran said its missiles struck militants from the Jaish al Adl (JAA) group.
The militant groups operate in an area that includes Pakistan's southwestern province of Balochistan and Iran's southeastern Sistan-Baluchestan province. Both regions are restive, mineral-rich and largely underdeveloped.
Iran said the strikes in a border village on its territory killed nine people, including four children. Pakistan said the Iranian attack had killed two children. - Reuters
Courtesy Reuters
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