Sat, 02 Dec 2023

Pakistan's business titans return after making waves in U.S.

Khalid Umar Malik
02 Oct 2023, 13:01 GMT+10

KARACHI, Pakistan - A group of Pakistan's top private business executives has returned from a two-day trip to the United States, where they met with American trade and treasury officials and executives from various financial institutions.

Lucky Group CEO Mohammad Ali Tabba, TPL CEO Ali Jameel, HBL Chairman Sultan Ali Allana, HBL CEO Muhammad Aurangzeb, Engro Corp's Samad Dawood, Atlas Honda CEO Saquib Shirazi, Systems' Asif Peer, and Unilever CEO Amir Paracha were among the eight-member delegation.

The delegation briefed the U.S. Department of Treasury on Pakistan's banking and financial services issues and trade and investment policy and exchanged views on U.S.-Pakistan investment and commercial relations with the U.S. Department of Commerce.

The high-powered Pakistani delegation also met with the Business Council for International Understanding (BCIU). This non-profit membership organization promotes dialogue between business and political leaders from various countries to discuss ways to strengthen US-Pakistan investment and commercial ties.

Their meetings with representatives of financial institutions, mainly the DFC and IFC, also looked into ways to support Pakistan's economic development.

The delegation appreciated the assistance securing Pakistan's 9-month Stand-By Agreement with the IMF.

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