American businesses seek steps to boost FDI

The American Business Council of Pakistan (ABC) on Wednesday met with top members of the government’s economic team to discuss various measures for ease of doing business, encourage foreign direct investment (FDI), and boost economic growth. The delegation led by ABC president Jamshed Safdar held separate meetings with Commerce Minister Naveed Qamar, Minister of State for Revenue Tariq Pasha and SAMP on Revenue Tariq Bajwa, and Securities & Exchange Commission of Pakistan (SECP) chairman Akif Saeed. During the meetings, the ABC delegation discussed the ease of doing business, the standardisation of taxation and revenue policy, and the protection of international investors and their local interests to ensure continued economic growth. The delegation emphasised the importance of better engagement with the government to achieve mutual goals and interests. The delegation urged to standardise revenue policy to ensure a uniform business landscape. “We are committed to working with Pakistan to enhance economic growth and promote foreign investment. We are confident that our partnership will continue to bear fruit in the future” said Mr Safdar.