ISLAMABAD: 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

 

ISLAMABAD: 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.


Pakistani diaspora in US highlights hurdles to investments


Prime Minister’s Ambassador at Large on Investments Zeeshan Shah agreed with most of the points highlighted especially the lack of consistency in policies. He said this is the outcome of an immature democratic government in Pakistan. The successive governments scrap previous governments’ policies, he deplored.


Mr Shah said this situation could be handled only through a long-term roadmap. “There is a need for a national charter of the economy”, he said, adding the charter will give certainty to economic policies.

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