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Efforts underway to increase investment volume to $1b of Pak-US diaspora: Umar

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Caretaker Minister for IT and Telecommunications Dr Umar Saif urged the Pak-US diaspora to come and unlock Pakistan’s investment potential and extended all his support for “Investment in Pakistan” Conference to be held in US in November this year.

He said during a meeting with a high-level delegation of the US-AID Mission here, said a news release. Senior Advisor to the Mission in the Private Sector, Diaspora Engagement & Digital Technology Kanwal Bokharey and ECON Counselor John Letvin, were part of the delegation led by Mission Director Kate Somvongsiri. During the meeting, bilateral issues related to investment of American companies in Pakistan were discussed.

Dr. Umar Saif told the USAID Mission that a venture capital fund was being set up for global investors with government assistance, the fund would ensure at least one-billion-dollar investment for startups. —APP

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