On the eve of the SCO Summit in Pakistan and the Supreme Court ruling allowing for counting dissenting lawmakers' votes, thus paving the way for the ruling coalition to attain a two-thirds majority and amending the Constitution, the US has expressed its intentions of strengthening Pak-US economic relations.
Speaking at the Pakistan Stock Exchange, the US Consul General in Karachi underlined the enormous potential to invest in Pakistan in several areas, ranging from healthcare to waste management, information technology, clean energy, and agriculture.
As Pakistan's largest export market, the volume of trade between the two countries last year was $7 billion. It was also one of the largest sources of foreign investment in Pakistan.
The Consul General said that he was expecting more US companies to be listed on the PSX shortly, even as they are one of the largest employers in Pakistan paying a significant proportion of taxes.
With many of these companies already listed on the PSX, the Consul General said he was expecting this number to grow as more US companies look to establish their operations in Pakistan.
Pakistan has remained keen to: attract more US companies to the country; to have them listed at the PSX; to increase foreign direct investment from the US; and to enhance trade and greater Pakistani exports to the US market.
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