WASHINGTON: The United States intends to send 15 trade delegations to Pakistan next year to explore possible avenues for expanding trade with the country, says Assistant Secretary of State Alice Wells.
The information came from a paper Ms Wells recently read at a Washington think-tank, Wilson Centre, focusing heavily on China Pakistan Economic Corridor (CPEC) with various recommendations for developing US-Pakistan trade ties as well.
The paper, now available at the US State Department’s official site, apprises of the measures taken by the US Commerce Department as it says that the department has “already stepped up its activity in Pakistan with 15 trade delegation planned for the next year.”
According to the paper, the new enhanced Development Finance Corporation (DFC) will have more than double the investment capital than the Overseas Private Investment Corporation (OPIC), expanding from $29 billion to $60 billion. OPIC is a US government agency which mobilises private capital for overseas investments.
For more news and blogs, visit graana.com
Karachi: Sindh Chief Minister Syed Murad Ali Shah on Thursday acknowledged that Karachi’s unplanned expansion…
Karachi: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by…
Islamabad – The Capital Development Authority (CDA) has formally approved the construction of the IBM…
ISLAMABAD – A meeting was held at the CDA headquarters under the chairmanship of Capital…
Lahore: The Lahore Development Authority (LDA) has secured approval for the construction of four new…
Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) has announced its plan to host…