Norway has so far invested $ 288.5 million in Pakistan during the current financial year. According to the data available in this regard, Norwegian has invested $ 288.5 million in Pakistan during the current financial year, this rate Is much higher than the previous fiscal year.
During the last financial year, Norway’s investment in Pakistan was negative, according to statistics.
On the other hand, trade between Pakistan and Norway is also continuing, the volume of imports from Nauru was recorded at $ 111.9 million in the first seven months of the fiscal year, the volume of imports from Norway was recorded at $ 78.01 million in the same period of the last fiscal year.
Similarly, the country received $ 349.6 million in exports from Norway during the period from July to the end of January 2020. During the financial year 2018-19, the total volume of Pakistani exports to Nauru was $ 589.9 million.
US investors in Pakistan should make full use of opportunities for investment
Prime Minister’s Advisor for Trade Voctiles Abdul Razzaq Dawood has said that there are opportunities for US investors to invest in Pakistan, which should be fully utilized while US Secretary of State Wilbur Ross has said that US companies are looking to increase their investment in Pakistan. ۔
Both of them expressed these views while discussing the meeting on Wednesday. The meeting discussed the opportunities for enhancing bilateral trade and investment. The Adviser briefed the US Minister of Commerce about the steps taken by the present government to promote exports and business, saying that the government should provide exporters to increase export activities in the country. Providing facilities.
In addition to this, special steps are being taken to provide a conducive environment for the business. Abdul Razzaq Daud said that there are opportunities for investing in American investors in Pakistan. American traders and industrialists should take advantage of this situation. He said that the government is giving attractive incentives to investors to promote investment.
US Secretary of State Wilburras said that several US companies are looking to increase their investment in Pakistan. He said that the United States wants to play a vital role in the development and development of Pakistan. Pakistan needs to increase bilateral trade volume with the United States. The Prime Minister’s Advisor said that a large number of Pakistani products do not benefit from the US-based GSP facility; these products, including textiles, should also be given priority trading facilities. He said that American companies can manufacture their products in Pakistan and export them to other markets. This will give Pakistan the opportunity to benefit from the transfer of American companies experience.
The United States should provide duty-free and market access to textile products to Pakistan, like Bangladesh and Sri Lanka
Founder Chairman and Business Leader of Pakistan-America Business Council Iftikhar Ali Malik has said that the United States will initiate joint ventures with Pakistan in the context of the war on terror and ensure free access to Pakistani traders to the US market, The United States should hold a meeting under the Trade and Investment Framework Agreement (TIFA), which should have positive results, to provide Pakistan with the export of textile products as well as duty-exemption and market access such as Bangladesh and Provided to Sri Lanka.
In a statement on Wednesday, Iftikhar Ali Malik called on US Secretary of State for Commerce Wilbur Rose to visit Pakistan, saying that the United States should hold a meeting under the Trade and Investment Framework Agreement (TIFA), which should have positive results.
He said that Pakistan already has the status of a GSP Plus country in the US but new steps will have to be taken to get the most out of this preferential facility in trade.
He said that Pakistan, like Egypt and some other African countries, should adopt a model for promoting relations and joint ventures with the US and other major economies that address domestic needs. At the May 2019 meeting of TIFA, the parties discussed ways to access agricultural products and medicines.
He said that Pakistan (due to high cotton consumption) has always wanted trade concessions for the import of US cotton and instead access to the US market for export of its textile products, preferential trade agreements ( Complications are high on the way to FTE), the TIFA framework provides the on-premises mechanism to continue these discussions and come up with new ideas.
Iftikhar Ali Malik said that the United States should remove the obstacles in the way of bilateral investment agreement and efforts should be made to improve the FTA, it is essential for export of textile products to Pakistan as well as on duty and market. He said that Pakistan had been America’s freelance friend and a frontrunner in the fight against terrorism, which suffered irreparable economic loss of billions of dollars. It is also privileged to promote mutual trade and access to the US market for our products Ykj should be.
He said Pakistani traders and exporters need joint efforts to ease bilateral trade and visa restrictions on access to the US market for their products and strengthen existing economic relations between the two countries’ private sector. He said that Pakistan and the United States are partners in the war on terror and they have deep bilateral relations, while Pakistan is emerging as a modern and fast developing country in South Asia, Pakistani-American businessmen take full advantage of the business opportunities here. He said that Pakistan brought 27 for forty years There is a record of hosting more than one Afghan refugee.