Pakistan has great potential to grow in near term: US

[Devil Soul]

Pakistan has great potential to grow in near term: US
Last Updated On 27 September,2018 02:13 pm

US has always helped Pakistan to overcome challenges and its stability that is important for region.
Islamabad (Online) - The US Department of Commerce on Thursday recognized Pakistan as an important market with the great potential to grow its economy in the near term.

The US has always helped Pakistan to overcome challenges and its stability that is important for the region, it said.

The Deputy Assistant Secretary for Asia Diane Farrell, Acting Director of Investment Services Helen Hwang, and other officials said this while talking to a delegation led by President FPCCI Ghazanfar Bilour.

They said that trade has become an important tool to forge good relations and they encourage Pakistani investors to explore investment opportunities in the U.S.

US remains the largest export destination for Pakistan and a major source of foreign direct investment while Pakistan remains an attractive market for some US companies due to favorable demographics and a growing middle class, they said.

There are some trade and investment barriers that limit the ability of US companies to enter the market and grow their businesses in Pakistan which should be considered, they added.

The US officials said that the US-Pakistan total trade in goods is up nearly 20 percent since 2013, reaching nearly $6.4 billion in 2017 while US exports to Pakistan are at an all-time high and up some 70 percent over the same period.

The officials of the commerce department welcomed FPCCI to ink agreements with different chambers of commerce and invited Pakistani business community to participate in the “The SelectUSA Investment Summit” from June 10-12, 2019 in Washington D.C., which was accepted.

At the occasion, President FPCCI Ghazanfar Bilour said that US should consider establishing Reconstruction Opportunity Zones (RoZs) in FATA to overcome militancy.

 

[IceCold]

US remains the largest export destination for Pakistan and a major source of foreign direct investment while Pakistan remains an attractive market for some US companies due to favorable demographics and a growing middle class, they said.

We need to search for alternate destinations otherwise this isnt going to board well for us in the future. Next US target would be our exports to US markets.

 

[war&peace]

We need to search for alternate destinations otherwise this isnt going to board well for us in the future. Next US target would be our exports to US markets.

But we are idiots....You love stupid anti-US bravado but the reality is we have lot of dependence of them. And illiterate idiots will come and chant anti-US slogans but they have ignorant fellows have no knowledge how the world works...at best they can get their own country isolated and quarantined as Iran has managed to do so. I wish we had a wise and a balanced approach....not to swing to the extremes...

 

[IceCold]

But we are idiots....You love stupid anti-US bravado but the reality is we have lot of dependence of them. And illiterate idiots will come and chant anti-US slogans but they have ignorant fellows have no knowledge how the world works...at best they can get their own country isolated and quarantined as Iran has managed to do so. I wish we had a wise and a balanced approach....not to swing to the extremes...

Actually Pakistan alone cannot maintain a balanced approach specially when there is a clear bias from the other side. US has a fixed agenda and they see Pakistan through that prism. No amount of our balanced approach can alter that behavior. What we can however do is to focus our energy on other destinations and try to explore untapped markets for our exports.

 

[Indus Pakistan]

Actually Pakistan alone cannot maintain a balanced approach specially when there is a clear bias from the other side. US has a fixed agenda and they see Pakistan through that prism. No amount of our balanced approach can alter that behavior. What we can however do is to focus our energy on other destinations and try to explore untapped markets for our exports.

I agree with the thrust of what your saying and only fcukin wish if Saudia Arabia/GCC got infected by the same "clear bias" then we could actually double our exports. But for now we have to live with American "clear bias" for them to buy our products and thus help our exports.

KSA/GCC show "clear bias" toward India only. Look at how muh Indian exports/manpower they take in.

@war&peace

 

[IceCold]

I agree with the thrust of what your saying and only fcukin wish if Saudia Arabia/GCC got infected by the same "clear bias" then we could actually double our exports. But for now we have to live with American "clear bias" for them to buy our products and thus help our exports.

KSA/GCC show "clear bias" toward India only. Look at how muh Indian exports/manpower they take in.

@war&peace

Actually before the current government GCC knew that no matter what nawaz will always come to suck up since he is a thief that needs guarantee. Before him for Zardari who was called head of snakes by SA. So one has to blame GCC for being biased than one has to blame our own successive governments as well. I hope this changes with PTI and PM IK. With Saudi Arabia entering CPEC, i hope we see positive developments.

 

[Cthulhu]

Candy for the baby!

 

[Indus Pakistan]

Actually before the current government GCC knew that no matter what nawaz will always come to suck up since he is a thief that needs guarantee. Before him for Zardari who was called head of snakes by SA. So one has to blame GCC for being biased than one has to blame our own successive governments as well. I hope this changes with PTI and PM IK. With Saudi Arabia entering CPEC, i hope we see positive developments.

Your missing the point. Call me simpleton but in my life I expect correlation between love, solid friends and casual acquaintances. Meaning I expect more out of those close to me and gradually less as you move away from my circle.

Keeping this in mind it irritates me that KSA/GCC which our people regard as saviours of Pakistan and brothers in faith end up giving their markets and employments to our nemesis India. Which runs contrary to what you expect. The American's who of course get the tag of being 'evil' in Pakistan end being Pakistan's exports customer. If this is the "clear bias" please can we have the same "clear bias" by KSA/GCC toward Pakistan.

 

[war&peace]

I agree with the thrust of what your saying and only fcukin wish if Saudia Arabia/GCC got infected by the same "clear bias" then we could actually double our exports. But for now we have to live with American "clear bias" for them to buy our products and thus help our exports.

KSA/GCC show "clear bias" toward India only. Look at how muh Indian exports/manpower they take in.

@war&peace

I personally think that's not the fault of GCC countries rather how our previous government have dealt with them and rest of the world. NS, BB, Mushy all of these selfish traitors thought about themselves... 80-90% of minister of both PMLn and PPP hold Iqamas from GCC countries and they own assets worth billions of dollars. So they have humiliated themselves and the nation... so it is not the fault of GCC at all rather the shameless and despicable behaviour of your politicians who have been doing this for decades.

Remember how MBS treated NS when he went to greet DT ? and now contrast it with how they treated IK even though he went there to seek their help but still they treated with full respect because the guys is clean and talks about his country. Do you know that the first govt official to meet DT is your FM SMQ..despite the impression that IK admin is anti-US? why because they know these people are not some corrupt goons rather they are working for their country. I really wish that IK visits USA in future too. A meaningful engagement with USA is important but it should be based on some principles of equality.

 

[Indus Pakistan]

I personally think that's not the fault of GCC countries rather how our previous government have dealt with them and rest of the world.

No my friend. That sounds awfully like making excuses for the oily Arabs. While I am not a fan of Nawaz as you very well know and even less of a fan of Mr 10 center but I diasgree with the notion that performance by Pakistan is the cause of India being ahead of us.

You know I help my brothers by giving them preferance over others. I don't help them on the basis of how well they articulates their needs to me or how well they perform. That is a measure I use on outsiders. I will always, always give first preferance to my brothers then outsiders. If I apply the same criterion or use business analysts approach then what the f* is brotherhood for? Shove it !

 

[war&peace]

Actually Pakistan alone cannot maintain a balanced approach specially when there is a clear bias from the other side. US has a fixed agenda and they see Pakistan through that prism. No amount of our balanced approach can alter that behavior. What we can however do is to focus our energy on other destinations and try to explore untapped markets for our exports.

Yara, you know my mind has been drifting from it when I study more... This indoctrinated stupidity is really away from reality. I'm not saying US is our BFF but things could have been much different if we had saner and cleaner people at the top. Just look at China....read about it...remove your glasses of typical anti-Americanism: the mullah fed BS.. I'm not saying USA is the best but it is the worst guy around...in fact our own selfish traitors are the worst...who have been damaging the inter-state relations for their personal benefits.

 

[Indus Pakistan]

I have a far off relative who opened a furniture business. Now when I buy or need furniture I go to him first. In doing so I give him preferance. I need a bed. I go to his shop. Not because he is the cheapest or best. But because he is my relative and if I am going to buy furniture I feel I need to help his struggling business even if the cost is extra and it is few miles extra drive.

When I want to buy groceries I have no such preferances. They are all equal to me. There I choose on the basis of quality and price. That is just plain business and I don't show any preferances.

In Europe Western Europeans have exemplified institutional preferances toward their Eastern European Christian brothers - not by singing the mantra of 'brotherhood' but by actively showing preferance. By extending them EU membership which of course comes with massive grants, trading rights, labour migration rights etc etc

The other day I was talking to English guy about Brexit. He voted against it and I voted for it. He was surprised. I told him EU is merely manifestation of racism because what it does is it extends preferances to white Europeans Christians. He of course diagreed and said it was more about economic opportunities etc

To which I asked him why has Bulgaria been given entry when Marocco which is closer to UK and Wstern Europe not been given entry? Surely we would get huge Maroccan market, great place for investment, close by and would be great place to buy holiday villas in great climate zone. He could not give a valid answer.

I knew of course. Maroccans are not white. Maroccans are not Christians. This is called preferance whose other side is discrimination.

 

[Imran Khan]

pakistan is a farm of world .convert industrial country or stay behind

 

[Trango Towers]

Now america realises that pakistan doesnt need america they want to be friends. Jog on hillbilly

 

[Indus Pakistan]

To which I asked him why has Bulgaria been given entry when Marocco which is closer to UK and Wstern Europe not been given entry? Surely we would get huge Maroccan market, great place for investment, close by and would be great place to buy holiday villas in great climate zone. He could not give a valid answer.

Of course for KSA/GCC to give Pakistan such institutional preferances is asking for too much. Meantime our gullible masses croak "brotherhood".

Now america realises that pakistan doesnt need america they want to be friends. Jog on hillbilly

You might not. But SMQ knows Pakistan needs America. Most of our exports go there. You need to learn from the Chinese.