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Tuesday, March 5, 2024

Pakistani-American Tech entrepreneurs urged to boost investment in Pakistan - BOL News

Last updated Friday, December 2, 2022 05:05 ET

Pakistani-American Tech entrepreneurs urged to boost investment in Pakistan
WASHINGTON: Pakistan’s Ambassador to the U.S., Masood Khan, has called on Pakistani-American Tech entrepreneurs to act as a catalyst to accelerate growth and investment in Pakistan’s IT and startup sectors.
Speaking at the Organization of Pakistani Entrepreneurs (OPEN) Annual Forum at Silicon Valley, California, he said that recent uptick in the bilateral relations between Pakistan and the U.S. had provided a window of opportunity for the Pakistani-Americans to invest in Pakistan, noting that both countries had prioritized economic partnership to be the new anchor of bilateral relations.
Pakistan and U.S., he added, were working together to create opportunities for cooperation in trade, technology, health, energy, agriculture and education.
Briefing the participants on investment opportunities in Pakistan, Ambassador Masood Khan said that Pakistan’s pivotal geographical location, its extended neighbourhood and its impressive demographic cohorts make it an ideal destination for investment.
Pointing out that around 80 U.S. companies and corporations have been doing business in Pakistan for decades, he said that the Pakistani government had taken a number of steps to improve the investment climate in the country, including liberal visa regime, streamlining of taxes and easy repatriation of profits. As a result, he added, U.S. technology investors and venture capitalists were investing in Pakistan’s...



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