ISLAMABAD: US businessman and Texas hedge fund manager Gentry Beach, believed to be close to American President Donald Trump, referred to Pakistan as Washington’s “front face” in the region on Wednesday, saying the future was bright for bilateral ties and economic cooperation between the two countries.
Ties between Pakistan and US, once close allies during the Cold War era and after the September 11, 2001 attacks, remained strained during former president Joe Biden’s presidency. Ties recently suffered after US officials criticized Pakistan for not sufficiently supporting their military efforts against the Taliban following the 9/11 attacks. Islamabad denies sheltering Taliban fighters and helping them regain control of Afghanistan in August 2021.
During Biden’s presidency, Washington also grew close to Islamabad’s arch-rival New Delhi in its bid to counter China’s growing influence in Asia. India is an important member of the “Quad,” a diplomatic partnership between Australia, India, Japan, and the US which experts widely believe aims to counter China. 
Beach arrived in Islamabad on Tuesday leading a high-level delegation of American investors for a two-day visit to the country. Speaking to reporters, the American businessman criticized the manner Biden pulled American troops out of Pakistan, urging Islamabad to “disregard” the way the previous American administration treated it. 
“America cares about Pakistan. And I believe that together we can be very, very strong,” Beach said. “And we need Pakistan. You are our front face in this entire region, very important.”
The American investor said he believed the administrations in both Pakistan and the US would work together to make “a good business environment” between the two countries. 
“And Pakistan has something that America needs, and America has something that Pakistan needs,” Beach said. “That’s a wonderful situation for us to both be in.”
Beach said his delegation was interested in investing in Pakistan’s real estate, energy and minerals sectors. He cited Pakistan’s large reserves of gold, platinum and other precious metals. Pakistani officials estimate $6 trillion worth of natural deposits in the country.
He also said the delegation would bring in a team of experts to evaluate Pakistan’s “underappreciated” oil and gas sector, praising the country’s existing gas infrastructure. 
Despite Pakistan’s challenging investment climate, the US is one of its largest sources of FDI. US companies have profitable operations across a range of sectors, notably franchise operations, fast-moving consumer goods, agribusiness, and financial services. 
Other sectors attracting US interest include ICT, renewable energy and health care services.