Investment Delegation Highlights U.S.-Pakistan Business Partnerships

Posted by Rick Snelsire
June 10, 2010
Investors Observe Digital Index Board at Karachi Stock Exchange

About the Author: Rick Snelsire serves as Spokesperson at U.S. Embassy Islamabad.

On June 8, U.S. Ambassador Anne W. Patterson and Pakistani Minister of State for Investment Saleem H. Mandviwalla led the third delegation of Pakistani business leaders to the United States as part of the Pakistan Business Ambassadors Program. Launched by the U.S. Embassy and the Pakistan Board of Investment (BOI) in April 2009, the program highlights Pakistan's most successful business leaders and stimulates trade and investment opportunities between the United States and Pakistan.

"Economic growth and political stability are inextricably linked and the United States is committed to supporting the BOI in its initiatives to foster private sector growth and create jobs,” said Ambassador Patterson. “For the U.S. specifically, Pakistan represents a vast market with a formidable entrepreneurial class and we are leveraging this exceptional group of business leaders to highlight existing and potential market opportunities for partnership and collaboration.”

During their visit to New York City and Boston, delegates will meet with U.S. business leaders and the media to promote understanding of Pakistan and its economy. The delegation represents a diverse range of sectors including energy, power, private equity, banking, airlines, infrastructure, and consumer goods and services. Members include:

- Shahid Khaqan Abbasi, Chairman and CEO, Airblue
- Ghouse Akbar, Group Director, Akbar Group
- Nadeem Babar, CEO, Orient Power Company Limited
- Razak Dawood, Chairman, Descon Engineering
- Sima Kamil, Head " Corporate & Investment Banking, Habib Bank Limited
- Ali Jahangir Siddiqui, Managing Partner, JS Private Equity Fund

"The strength of Pakistan's economy is driven by 180 million people whose constant demand is fueling Pakistan's economy, projected to grow by 4.1 percent in the fiscal year ending in June,” remarked Minister Mandviwalla. “More than 700 multinationals currently have a presence in Pakistan and the investment landscape is even more attractive when investors see past the headlines and focus on the bottom line potential.”

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