ISLAMABAD: Pakistan’s ambassador to the United States said on Sunday the country offered profitable opportunities for American businesses in information technology, energy and minerals, according to an official statement.
The comments come months after the US and Pakistan reached a trade deal in July, with officials on both sides signaling interest in expanding cooperation into energy, mining, digital infrastructure and other sectors.
Pakistani Finance Minister Muhammad Aurangzeb at the time said the aim was to move “beyond the immediate trade imperative,” adding that the two countries had “come a long way” in their broader strategic partnership.
“Pakistan presents profitable opportunities for US entrepreneurs, particularly in the fast-growing and lucrative IT, energy and minerals sectors,” Ambassador Rizwan Saeed Sheikh said, according to the statement.
Sheikh made the remarks during a meeting at the embassy in Washington with a delegation from the Yale School of Management, which plans to visit Pakistan.
He said the leadership in both countries was committed to anchoring relations in economic cooperation and providing an investor-friendly environment for American firms looking to enter a market of more than 250 million people.
The ambassador noted Pakistan was strategically located at the crossroads of South Asia, Central Asia and the Middle East, adding that it served as a vital trade corridor offering US businesses connectivity to energy-rich Central Asian states and Gulf markets.
Sheikh highlighted opportunities in tourism, agriculture, manufacturing and information technology, pointing to Pakistan’s large, tech-savvy youth population as a competitive asset for businesses needing skilled labor.
“The success of over 80 US companies already operating profitably in Pakistan bears testimony to the country’s vast economic potential,” he said.
The statement added the delegation thanked the ambassador for the briefing and said it looked forward to the embassy’s support during the visit.
