LAHORE: The US Assistant Secretary of State, Robert O Blake, has said the United States was considering establishing an investment fund for American businessmen to facilitate them in investing in Pakistan.
Addressing the Lahore Chamber of Commerce and Industry (LCCI) on Monday, Robert O Blake said the United States was about to begin work on Bilateral Investment Treaty. “There is considerable effort being undertaken now in Washington, so it is expected that the Bilateral Investment Treaty would be ready soon after which bilateral negotiations with Pakistan would start”.
He said the United States was going to maximize its support sectors including power, agriculture, market access, infrastructure and water. He said following strategic dialogue between Pakistan and the US a steering group and working groups were being established that would cover all aspects of bilateral relations particularly the trade and investment areas. “We want to help the government in overcoming energy shortage and to deliver basic services to the people and also improve governance.”
Speaking on the occasion, the LCCI former president Iftikhar Ali Malik sought US help for improvement of livestock, agriculture yield and to train human resource. He said Pakistan had a lot of sick industrial units and the United States could help in the revival of these sick industrial units.
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