Islamabad:
American Chargé d’Affaires Natalie Baker emphasized Pakistan’s potential as a dynamic investment destination under a webinar hosted by Business Council for International Understanding (BCIU) the other day.
The session gathered US and Pakistani business leaders together with representatives from financial institutions to discuss Pakistan’s developing economic landscape and reform agenda.
CDA Baker, which praises the Sharif government’s efforts to stabilize the economy and promote an investor-friendly environment, emphasized the opportunities for US companies to play a key role in supporting Pakistan’s long-term growth.
“Pakistan is the fifth largest country in the world, home to 250 million people, with 64 percent of the population under 30. It represents one of the world’s largest and youngest consumer markets,” Baker noted. “Pakistan’s GDP is $ 412 billion and ranks 38. Global, but projections by Goldman Sachs suggest that it could grow to $ 3.3 trillion by 2050 and place it among the top 10 to 15 economies worldwide.”
She highlighted several sectors due to US investments, including critical minerals, information and communication technology, agriculture, energy and infrastructure development.
Baker also called on US companies to collaborate with the US foreign commercial service team at the US Mission Pakistan and explore joint ventures with local colleagues.
“Let’s seize this moment to create profitable opportunities for American companies, contribute to shared financial prosperity and strengthen the bond between our two nations,” she concluded.
