{"id":35784,"date":"2025-01-31T17:07:43","date_gmt":"2025-01-31T17:07:43","guid":{"rendered":"https:\/\/www.vosa.tv\/eng\/?p=35784"},"modified":"2025-01-31T17:07:43","modified_gmt":"2025-01-31T17:07:43","slug":"pak-envoy-highlights-economic-progress-pak-us-trade-relations-and-investment-opportunities-at-ambassador-insider-series","status":"publish","type":"post","link":"https:\/\/www.vosa.tv\/eng\/archives\/35784","title":{"rendered":"Pak envoy highlights economic progress, Pak-US trade relations, and investment opportunities at ambassador insider series"},"content":{"rendered":"

WASHINGTON D.C: Pakistan ambassador to US Rizwan Saeed Sheikh addressed key economic, political, and security topics at the prestigious \u2018ambassador insider series\u2019, emphasizing strong Pak-US relations, Pakistan\u2019s economic recovery, and promising investment climate.<\/strong><\/p>\n

The flagship event of renowned US media house Washington diplomat attended by over 100 participants comprising members of leading US think tank community, staffers at Capitol Hill, academicians, civil society and media representatives.<\/p>\n

Welcoming the participants to the embassy of Pakistan, ambassador Rizwan Saeed Sheikh underscored Pakistan\u2019s commitment to strengthening its democratic institutions, focusing on the achievements made by the present government in stabilizing economy.<\/p>\n

Highlighting Pakistan\u2019s economic trajectory, the ambassador pointed out positive indicators including a significant reduction in inflation, from 38% in May 2023 to 4.1% in December 2024\u2014far exceeding expectations.<\/p>\n

He described this as a testament to the government\u2019s effective economic policies, positioning Pakistan on a path of recovery and resilience.<\/p>\n

Emphasizing the country\u2019s growing tech sector, the ambassador highlighted that Pakistan was the second-largest contributor to IT freelancing worldwide, only behind the United States. He highlighted Pakistan\u2019s cost and quality competitiveness, making it an ideal partner for IT outsourcing.<\/p>\n

The ambassador reaffirmed the strength of trade ties between Pakistan and the United States, noting that the U.S. remains Pakistan\u2019s largest trading partner.<\/p>\n

\u201cTrade has been the most stable facet of our bilateral relationship. My foremost priority as Ambassador is to expand economic diplomacy and strengthen commercial interactions,\u201d he stated.<\/p>\n

He highlighted Pakistan\u2019s competitive edge in manufacturing, particularly in sports goods and surgical instruments.<\/p>\n

Responding to a question, the Ambassador emphasized that Pakistan was focusing on export-oriented and self-sustaining investments to avoid past foreign exchange challenges, stating, \u201cWe seek quality investments that generate their own revenue cycle.\u201d<\/p>\n

The ambassador described CPEC as a transformative project connecting China with the Gulf and African markets.<\/p>\n

He also encouraged American companies to explore Pakistan\u2019s trade incentives, citing examples of multinational corporations like Procter & Gamble, PepsiCo, and Nestl\u00e9 benefiting from Pakistan\u2019s economic positioning.<\/p>\n

Discussing Pakistan\u2019s national security policy, ambassador Rizwan Sheikh highlighted a shift from traditional security paradigms to a people-centric approach.<\/p>\n

\u201cFor the first time, security policy in Pakistan included education, health, and socio-economic stability as integral components. With 26 million children out of school, human capital development is now a security imperative,\u201d he stated.<\/p>\n

Addressing concerns over regional security, ambassador Sheikh reaffirmed Pakistan\u2019s steadfast fight against terrorism, emphasizing that the country has been both a frontline state and a victim of terrorism.<\/p>\n

He highlighted the legacy of militancy from the Afghan war era and Pakistan\u2019s ongoing efforts to secure its porous borders.<\/p>\n

With a new U.S. administration and Congress, ambassador Sheikh has proactively engaged with key U.S. policymakers, having met at least 40 congressmen and women in recent weeks.<\/p>\n

His outreach efforts focus on reconnecting with re-elected representatives and building new partnerships to enhance the longstanding relationship between Pakistan and the U.S.<\/p>\n

On Pakistan\u2019s strategic role in global trade, he dismissed the notion of Pakistan being caught in a binary U.S.-China competition, asserting that Pakistan serves as a bridge between the two global powers.<\/p>\n

Ambassador Sheikh also highlighted Pakistan\u2019s vulnerability to climate change, describing the country as a \u201cfrontline state\u201d in the global fight against climate change, much like it was in the war on terror.<\/p>\n

He said that Pakistan was actively working with global institutions like the IMF and World Bank on a climate resilience strategy, shifting from reactive disaster response to proactive climate adaptation.<\/p>\n

The World Bank\u2019s 10-year country partnership framework for Pakistan includes a strong focus on climate resilience and gender-inclusive recovery efforts, ensuring women and girls\u2014who are disproportionately affected\u2014receive targeted support, he added.<\/p>\n

He said that Pakistan looks forward to deepening its partnership with the United States in areas of security, trade, investment, and climate resilience, ensuring a mutually beneficial future for both nations.<\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON D.C: Pakistan ambassador to US Rizwan Saeed Sheikh addressed key economic, political, and security topics at the prestigious \u2018ambassador insider series\u2019, emphasizing strong Pak-US relations, Pakistan\u2019s economic recovery, and promising investment climate. The flagship event of renowned US media house Washington diplomat attended by over 100 participants comprising members of leading US think tank […]<\/p>\n","protected":false},"author":5,"featured_media":34879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,32,1378],"tags":[],"class_list":["post-35784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-pakistan","category-us"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/35784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=35784"}],"version-history":[{"count":1,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/35784\/revisions"}],"predecessor-version":[{"id":35785,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/35784\/revisions\/35785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/34879"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=35784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=35784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=35784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}