Karachi: July 6-9, 2022: US Special Representative (S/R) for Trade Affairs Dilawar Syed visited Karachi from July 6-9 as part of a visit to Pakistan that also included stops in Islamabad, Lahore and Sialkot. In Karachi, S/R Syed met with government officials, industry leaders, innovators, entrepreneurs and economic journalists to further strengthen the economic partnership and bilateral trade between Pakistan and the United States.
“I am happy to be in Karachi, a vibrant and diverse financial and trade hub,” said S/R Syed. “I am in Pakistan to reaffirm the U.S. government’s commitment to strengthening our economic ties and exploring ways to expand trade and investment between our two countries. Our economic ties have spanned decades, and I am pleased to focus on this relationship as we celebrate 75 years of U.S.-Pakistan relations.
During his visit to Karachi, S/R Syed met with Foreign Minister Bilawal Bhutto, Sindh Chief Minister Syed Murad Ali Shah, Minister for Climate Change Sherry Rehman, Minister for Information Technology and Telecommunications Syed Amin ul Haque, Minister of Maritime Affairs Faisa Subzwari, Sindh cabinet members and municipal and provincial officials will discuss how the United States and Pakistan can continue to work together to facilitate broad-based economic growth , equitable and sustainable for both nations. S/R Syed also met with Acting Director of the State Bank of Pakistan, Dr. Murtaza Syed, regarding financial inclusion of women and underserved communities and the importance of improving business climate. business in Pakistan for American companies and investors to spur greater economic growth.
S/R Syed met with numerous industry leaders to explore ways to increase Pakistan’s trade balance in critical areas that will benefit both Pakistanis and Americans. They discussed how the government and private sector can work together to promote a better investment climate in Pakistan and increase women’s economic empowerment, sustainability, workforce development and accountability corporate social. Currently, the United States is Pakistan’s largest export market and one of the largest sources of foreign investment. American companies and their local subsidiaries are among Pakistan’s largest employers, with approximately 80 American companies directly employing more than 120,000 Pakistanis. S/R Syed also visited Gatron Novatex, a company with strong trade relations with the United States, where he learned about their recently launched Ecodost e-vehicle and their recycling initiatives.
One of the highlights of S/R Syed’s stay in Karachi was a visit to the National Incubation Center Karachi (NICK) of NED University, where he participated in a panel discussion on promoting innovation and investment between the United States and Pakistan. At NICK, S/R Syed discussed how the US and Pakistan can cooperate to strengthen the entrepreneurial ecosystem. “The United States believes that a strong, prosperous and democratic Pakistan is of vital importance to the region,” noted S/R Syed. “Entrepreneurship, gender equity across all sectors, as well as education and capacity building opportunities are key ingredients to achieving this goal. »
To learn more about the Special Representative’s visit, visit the Twitter account @BizAtState.