US trade team meets SBI chairperson

KARACHI: A delegation, including United States Consul General Grace Shelton and Executive Director, US Trade Department for Asia, International Trade Administration, James Golsen called on Sindh Board of Investment (SBI) Chairperson Naheed Memon at her office on Thursday.

They discussed the matters of mutual interests and increasing trade volume between Pakistan and US.

The SBI chairperson said that US was the third largest investor in Pakistan, after  China and Switzerland and the export from Pakistan to US was double as compared to the imports from US to Pakistan.  “We want to further enhance the business and trade between the two countries and also intend to encourage imports from US so as to introduce new technologies to Pakistan,” she added.

She said the graph of the last ten years showed that the US investment in Pakistan was decreasing, and suggested to convene Pakistan-America Business Opportunities Conference in Karachi to highlight the business and trade opportunities in US and Pakistan for the investors on both sides.

Grace Shelton agreed with SBI chairperson’s suggestions and assured of every possible cooperation in this regard.