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US statement to help Pakistan rebuild economy welcomed


NEW YORK: Brooklyn Chamber of Commerce will extend all-out cooperation to promote bilateral trade between the US and Pakistan.

The chamber will also help Pakistani businessmen to explore investment opportunities in the US, said President and CEO of Brooklyn Chamber of Commerce Randy Peers.

Talking to President of United Business Group (UBG) Zubair Tufail, President US-Pakistan International Chamber of Commerce (USPICC) Sajjad Qamar and Secretary-General USPICC Malik Sohail Hussain, he said that the US offers splendid opportunities for Pakistan exporters and importers.

He said that some sectors of cooperation include apparel and textiles, biotechnology, food processing, halal foods, biryani festivals, arranging fashion weeks to promote Pakistani clothing and promotion of Pakistani handicrafts.

Randy Peers said that the US has about 21,000 companies in the food processing sector having $750 billion in revenue while worldwide processed food sales are total about $2 trillion, so the US accounts for 37.5% of all sales, he informed.

Highlighting the contributions of the US towards the socio-economic development of Pakistan, he said that the US has always devoted significant resources to support Pakistan’s economy.

Zubair Tufail, Sajjad Qamar and Malik Sohail said that the US is an incredibly important country for Pakistan. It is one of the top investment partners and export destinations for Pakistan, they said.

Relations between Pakistan and the US have endured the test of time and we are here to cement the bilateral ties through trade, they said.

The business leaders said that Brooklyn is known for its developed food industry and we will explore opportunities for exports, imports and joint ventures.

They welcomed the recent statement by a State Department spokesperson who assured Pakistan of strong US support for their efforts to rebuild the Pakistani economy.

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