Thursday, December 8, 2022

'Pakistani-American tech entrepreneurs catalyst for growth' - The Express Tribune

Last updated Monday, November 14, 2022 01:05 ET , Source: TopWireNews

Ambassador Masood Khan, Islamabad’s representative in Washington, has said Pakistani-American tech entrepreneurs can act as a catalyst to accelerate growth and investments in Pakistan’s IT and start-up sectors.
Speaking at the Organisation of Pakistani Entrepreneurs (OPEN) annual forum in Silicon Valley, Ambassador Khan said that the recent uptick in the bilateral relations between Pakistan and the US had provided a window of opportunity for Pakistani-Americans to invest in Pakistan.
He noted that both countries had prioritised economic partnership to be the new anchor of bilateral relations and were working together to create opportunities for cooperation in trade, technology, health, energy, agriculture and education.
Briefing the participants on investment opportunities in Pakistan, the envoy said that Pakistan’s pivotal geographical location, its extended neighbourhood and its impressive demographic cohorts make it an ideal destination for investment.
He noted that around 80 US companies and corporations had been doing business in Pakistan for decades.
He said that the government of Pakistan had taken a number of steps to improve the investment climate in the country, including a liberal visa regime, streamlining of taxes and easy repatriation of profits.
As a result, he added, US technology investors and venture capitalists were investing in Pakistan’s start-up eco-system in e-commerce, fintech, health, retail and supply chains.
He invited...

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