Pakistan Investment Conference 2019 closes with a resolution to enhance bilateral ties between Pakistan and the US
The 4th annual Pakistan Investment Conference wrapped up after wide-ranging discussions on the enhancement of bilateral trade ties between Pakistan and the United States alongside an exploration of foreign investment avenues. Hosted by JS Global- a subsidiary of JS Bank, the conference aimed to connect Pakistani corporates with their US counterparts and build communication channels for growth and technology transfers.
During the visit, the delegation met with representatives of the US State Department, Chamber of Commerce, USAID, US-Pak Business Council and global fund managers. The delegation was led by Imran Ismail – Governor Sindh and included Ali Jehangir Siddiqui – Ambassador for Foreign Investment, Kamran Nasir – CEO JSGL, Basir Shamsie, President & CEO JS Bank, Khalid Mansoor- CEO HUBCO, Ehsan Malik – CEO Pakistan Business Council, alongside other CEO’s and CFO’s from leading Pakistani corporations.
Imran Ismail shared his views remarking, “Post President Trumps meeting with Prime Minister Imran Khan, Pakistan was invited by the US to explore trade potential between the two countries for enhancement of bilateral relations. I am positive that the Pakistan Investment Conference will play an important role in attracting foreign and portfolio investments to strengthen the economy of Pakistan”
During the visit, Ali Jehangir stated, “Pakistan has improved in terms of an attractive investment destination; investors should consider Pakistan as a market of good returns and secure investments.”
Thanking all the partners and participants, Kamran Nasir said, “JSGCL is proud and humbled to be a part of initiatives such as these that seek to improve Pakistan’s image in the international community and benefit the country economically.”
The crux of the discussions focused upon business opportunities in Pakistan and ease of doing business for both countries.
The delegation included top-notch companies comprising roughly 1/3rd of the market capitalization of the benchmark PSX 100 index. Notable names included Habib Bank Ltd (HBL), Engro Corporation (ENGRO), Hub Power Company (HUBC), United Bank Limited (UBL), MCB Bank Limited (MCB), Oil and Gas Development Company Ltd (OGDC), Pakistan Petroleum Ltd (PPL), Pakistan State Oil Company Ltd (PSO), DG Khan Cement (DGKC), Searle Company Ltd (SEARLE), AGP Limited (AGP) and others.