Minister urges US-based diaspora to help unlock Pakistan’s investment potential

ISLAMABAD: Caretaker Minister for IT and Telecommunications Dr Umar Saif on Thursday referred to as on the Pakistani diaspora based mostly within the US to help Pakistan unlock its investment potential and prolonged all his assist for the “Investment in Pakistan” convention scheduled for this 12 months.

He made the enchantment throughout a gathering with a high-level USAID delegation. The delegation comprised Senior Adviser to the Mission within the Private Sector, Diaspora Engagement & Digital Technology Kanwal Bokharey and ECON Counselor John Letvin they led by Mission Director Kate Somvongsiri.

During the assembly, bilateral points associated to the investment of American firms in Pakistan had been mentioned.

Dr Saif informed the USAID officers {that a} enterprise capital fund was being arrange for international traders with authorities help, the fund would guarantee at the least $1 billion investment for startups.

The caretaker minister additional mentioned that the signing of a memorandum of understanding (MoU) for the investment of $40 million on the investment convention final Saturday organised by USAID and Silicon Valley was an enormous milestone.

“Pakistan’s information and communication sector is paving the way for global investment,” mentioned Dr Saif including that priorities of the caretaker authorities embody maximising investment alternatives and offering all associated incentives and services to international firms.

Somvongsiri mentioned: “There is little question that Pakistan is an enormous and engaging marketplace for traders within the IT and Telecom sector, we try our greatest to enhance the collaboration between American Investors and Pakistani Companies.”

During the assembly, she additionally prolonged a particular invitation to Dr Saif to attend the investment convention that will likely be held within the US within the first week of November.

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