| GEO Business|
| US wants to support Pak in poverty alleviation|
| Updated at: 0324 PST, Sunday, November 15, 2009|
KARACHI: US Deputy Under-Secretary for Defence, Paul A. Brinkley said that Obama's Government wants to extend economic assistance to Pakistan in alleviation of poverty in the country.
He appreciated the efforts of Pakistan Government and people of Pakistan for sacrifice and to be their frontline state in combating war on terrorism, said FPCCI release here.
Paul A. Brinkley, Deputy Under Secretary for Defense along with Metthew John, Assistant to Deputy Under- Secretary, Haldan K. MullarChairman, The Killowen Group Washington and Ms. Mary Elizabeth, Economic Counselor, US Consulate in Karachi visited Federation of Pakistan Chambers of Commerce and Industry here Thursday.
They held meeting with Haroon Rashid Chairman, Pakistan-USBusiness Council of FPCCI and assured to work for developing the business ties between the two countries.
Haroon Rashid said Pakistan is cooperating with USA war on terrorism and the public of Pakistan is also with the government.
Rashid informed the US delegates that FPCCI jointly with TDAP, BOI and Ministry of Investment is undertaking a delegation to USA during the first week of December 2009.
During the visit, the matters particularly related to Reconstruction Opportunity Zones (ROZs), market access, bilateral investment treaty (BITs) etc will be discussed.
He pointed out that Pakistan has been eliminated due to high duty access on products of Pakistan in US market whereby USA provides duty concession to Sri Lanka and Bangladesh.
He said that MoU was signed with US Chamber of Commerce in 2001,whereby Pak-US joint Business Council came into formation. US investors would be shy when we do not have any BITs and FTA with USA.
The meeting was also attended by Saleem H. Mandviwalla, Minister of State and Chairman, Board of Investment, Government of Pakistan and Nasiruddin Sheikh, Chairman FPCCI standing Committee on Custom Valuation.