Lahore: Pakistan Industrial & Traders Associations Front (PIAF) has welcomed the Pak-USA Joint Action Plan to expand trade & investment ties between the two countries and termed it a good news for the national economy.
In a statement issued here Wednesday, Chairman PIAF Malik Tahir Javed said that present regime was moving towards right direction since its inception and this initiative would certainly take mutual trade & economic relations between Pakistan and USA to the new heights.
He expressed the optimism that Pak-USA Joint Action Plan would provide a base for promoting trade & investment between the two countries.
Chairman PIAF said that nation expected the present government to deliver good as far as trade, economy and investment was concerned and it was a matter of great satisfaction that people sitting on the helm of affairs were doing rightly.
Malik Tahir Javed said that United States should provide direct market access to Pakistani merchandise to the US market as economic stability of Pakistan was must to crush the menace of terrorism in the region. He said that aid or grant was a remedy for the Pakistani economy but it was not substitute of trade.
Chairman PIAF urged the US government to fulfil all commitments made on various occasions that Reconstruction of Opportunity Zones will be established in Pakistan.
He said that there is a vast scope for US investors to make investment in several sectors of Pakistan including power, textile, food, livestock, diary and petroleum etc. The US Administration must convince the potential investors to put their money in Joint Ventures with Pakistanis.
Malik Tahir Javed said that United States of America must transfer latest food technology to Pakistan as it can not only meet national food grain requirement but can also properly meet the global needs as well. Pakistan has been ranked the 4th largest milk producer country in the world with rate best variety of livestock breed and cattle wealth.
He said that US also must exercise its influence on India to help resolve core issue of occupied Kashmir and water dispute.