Investors call for consistent economic policies

The Pak­istani diaspora in the United States asked Islamabad on Tuesday to work out a long-term strategy to ensure predictability in policymaking along with ensuring ease of doing business to attract investment in the manufacturing sector. The diaspora at a panel discussion on US-Pakistani Diaspora’s Commercial Investments in Pakistan shared current and future opportunities and challenges in sectors of construction, real estate, technology, tourism, hospitality, e-commerce and manufacturing. The US Mission in Pakistan, through the United States Agency for International Development (USAID) and in close collaboration with the US-Pakistani diaspora, hosted a one-day engagement conference. More than 100 participants attended in person, including members of the US-Pakistani diaspora and prominent local business leaders. Leading US-Pakistani businessmen identified a lack of consistency in policies, adequate energy, and improving ease of doing business to attract investments in Pakistan. It was also highlighted that there is no succession plan for a smooth transition of government as well as continuity of policies in Pakistan.