Pak-US ties have withstood the vagaries of time: PM

March 09, 2015

Prime Minister Muhammad Nawaz Sharif has said that Pakistan and the United States of America have a long standing mutually beneficial economic and strategic relationship, which has withstood the vagaries of time and weather.

 

He said this while talking to Ms. Penny Pritzker, US Secretary of Commerce, who called on him at the PM Office here this afternoon.

 

The Prime Minister said Pakistan greatly values its relations with the United States, which constitute an important element of The country's foreign policy.

 

He expressed the confidence that Ms. Pritzker's visit will further strengthen economic ties between Pakistan and the United States.

 

The Prime Minister said closer economic ties and expanded trade and investment opportunities would lend greater strength and sustainability to this strategic relationship and help towards realization of shared objectives including promotion of enduring stability in the region.

 

He said there is immense potential towards increasing the trade portfolio between the two countries and stressed on the need for achieving positive results by working together on this.

 

The Prime Minister said Pakistan has huge investment potential in various sectors including energy, infrastructure and agriculture sectors. The advantage of the opportunities and participation in these sectors will work for the mutual benefit of our countries.

 

Talking about the holding of Pakistan-US Economic Partnership Week, he said it truly reflects on the commitment of leadership of both the governments towards further expansion of trade and investment relations. Holding of 3rd Pakistan-US Business Opportunities Conference in Islamabad is an important component of the Partnership week, which I am sure would augur well for the businesspersons of the two countries, he said.

 

The Prime Minister said promoting international trade and investment is the pivot around which his government seeks to devise its economic development and poverty reduction strategies.

 

Ms. Pritzker said it is a good sign that Pakistan is opening up for business. She said she held a useful meeting with the Commerce Minister in which greater market access for Pakistani products came under discussion.

 

She appreciated Pakistan's consistent approach to the IMF Program.

 

She also extended condolences on the tragic incident of Army Public School, Peshawar.

 

US Secretary for Commerce said that U.S. administration is deeply impressed by the fact that during its tenure the government has been giving very positive signals to the international community.

 

US Special Representative on Afghanistan & Pakistan, Mr. Daniel Feldman and US Ambassador to Pakistan, Mr. Richard Olson were present during the meeting.

 

Mr. Ishaq Dar, Minister for Finance; Engr. Khurram Dastgir Khan, Minister for Commerce; SAPM Mr. Tariq Fatemi, Secretary Commerce;  Secretary Foreign Affairs and Ambassador of Pakistan to USA also attended the meeting.