Wednesday, April 21, 2010

FTA with Pakistan is in initial stage: US official RECORDER REPORT

SIALKOT (April 21 2010): The process of signing Free Trade Agreement (FTA) with Pakistan is in initial stage and after the completion of the process a road map would be chalked out for its implementation, said Political and Economic's section chief of US Consulate, Lahore, Richard Jao.

Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI) here on Tuesday he said that adequate efforts were underway for enhancing business activities between US and Pakistan. In this regard, Business Partner Service has been designed for Pakistani businesses aiming to enrich and enhance their business operation through establishing linkage and collaboration with US companies, he disclosed.

Richard Jao further said: "We understand the gravity of energy problem being confronted by the people of Pakistan," adding that in order to address the issue various projects including Jamshoro project are under active consideration. In his address Vice President SCCI Dr Sarfraz Bashir said that Pakistan was playing pivotal role in combating terrorism saying that Pakistan proved a time-tested and true ally of US in such a campaign.

"It is unfortunate that this devoted contribution of Pakistan was not responded with increased economic co-operation between Pakistan and US," he said. Dr Sarfraz further stated that business community attaches the great importance to US and perceives it as the most important partner in socio-economic development of the country.

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