PM Addresses a luncheon gathering hosted by U.S.-Pakistan Business Council (USPBC) and U.S. Chamber of Commerce in New York

September 22, 2016

Prime Minister Muhammad Nawaz Sharif has invited business leaders, and investors communities in United States to take lead in harnessing the tremendous potential for deepening trade and investment links with Pakistan. He was addressing a luncheon gathering of U.S.-Pakistan Business Council (USPBC) and U.S. Chamber of Commerce in New York attended by prominent American business and industry leaders.

While speaking on the occasion, the Prime Minister highlighted the economic developments in the country and Pakistan's burgeoning partnerships with international markets and financial institutions. He underlined the Government's economic reform and revival policies implemented over the past three years that had turned around the economy, mitigated the energy crisis, and greatly improved the business climate in the country.

He said that his Government was determined to strengthening trade and investment linkages with the United States and private sector of both countries could play an important role to that end.

In his remarks, Prime Minister Sharif noted that the country's stable economic situation over last three years formed the basis for a sustainable economic growth trajectory, which was duly acknowledged by international financial institutions and monitoring agencies.

The Prime Minister also drew attention of the business community to his government's people-centered initiatives and development agenda, that offered enormous investment opportunities to international investors.

He apprised the meeting about the remarkable improvement in the security situation in the country and Government's firm commitment to rid the country of the remnants of terrorism.

Prime Minister Sharif invited business and industry leaders to seize the moment in availing the tremendous new possibilities and opportunities that existed in the country towards enhancing the economic content of Pak-US bilateral ties.

Boeing Director International Operations expressed his desire that Boeing wants to partner with PIA and ready to offer 777 and 787 planes for PIA  Premier Service through transparent and competitive process.

President Selling and Market Operations Procter & Gamble said that the company has already achieved 20 percent increase in its growth in Pakistan; we are ready to further invest US $100 million in Pakistan.

Vice President Philip Morris termed the current budget by the government  as business and investor friendly, and said that his company wants to engage with Pakistan for business.

Chairman APR Energy said that they are ready to install 350 MWs gas power plant in Pakistan if attractive tariff is offered to them.

Executive Vice President of US Chamber of Commerce, Senior Vice President of US Chamber of Commerce and President USPBC welcomed the Prime Minister upon arrival at the luncheon. Senior Vice President Motorolla Solutions Inc., Chairman APR Energy, Vice Chairman Corporate and Investment Banking Citi, Vice President Philip Morris, Director International Operations and Policy Boeing company, CEO Visionet systems Inc., Africa Middle East Region Manager Caterpillar Inc., Executive Vice President EPC, Associate General Counsel Mergers and Acquisitions MetLife, President Selling and Market Operations Procter and Gamble, Pakistan Project Leader ExxonMobil, Senior Adviser McLarty Associates, Vice President Europe, Middle East and Africa, Sikorsky- a Lockheed company, Regional Leader Turkey, Middle East, Africa, Elanco Animal Health, CEO Ogilvy Public Relations, Northrop Grumman, Pegasus and Akin Gump were prominent attendees during the occasion.