KARACHI: JS Global Capital (JSGCL), Pakistan’s leading brokerage and investment banking firm, organised the third of its kind Pakistan Investment Conference 2018 from 25-27 June 2018 in the United States.
The high-powered delegation included JS Global Capital Ltd CEO Kamran Nasir, Overseas Investors Chamber of Commerce (OICC) Khalid Mansoor, Pakistan Business Council CEO Ehsan Malik, Pakistan Stock Exchange CEO Richard Morin, and Pakistan Stock Exchange Director Sulaiman Mehdi.
Comprised of representatives from business advocacy platforms such as Overseas Investors Chamber of Commerce and Industry (OICCI) and Pakistan Business Council (PBC), the delegation included corporate entity heads and senior management from many leading Pakistani companies including Engro Corporation (ENGRO), Hub Power Company (HUBC), United Bank Limited (UBL), MCB Bank Limited (MCB), Meezan Bank (MEBL), JS Bank (JSBL), DG Khan Cement (DGKC), Fauji Fertilizer Bin Qasim (FFBL), Fauji Foods, (FFL) and AGP Limited (AGP).
Aimed at encouraging foreign investment in Pakistan, these corporate representatives met with leading global asset managers to share current performance and future strategy reports. Meetings were also held with key officials from the US State Department and US-Pakistan Business Council at US Chamber of Commerce. Furthermore, the delegation engaged with a multi-cultural audience at the Woodrow Wilson International Center in Washington.
In the course of these meetings, the conference partners identified a wide range of investment areas in the domestic economy where Pakistan and the US can mutually collaborate to significantly strengthen their bilateral economic ties. The visit by the delegates was well-received by both the US government and corporate sector.
During these interactive discussions, potential trade and investment partners reflected on the fact that the implementation of the China Pakistan Economic Corridor (CPEC), has also led to considerable demand for machinery, agriculture, e-solutions and water storage solutions
An in-depth report on Pakistan-USA bilateral economic ties and potential growth sectors in Pakistan was circulated to US policymakers, think tanks and other commerce stakeholders, which was greatly appreciated by all the stakeholders.
Emphasising the need to strengthen economic ties between both countries, and continuing the rich historical relationship between Pakistan and the US, conference participants pledged to work together for a positive outcome. An encouraging outcome of these sessions was the acknowledgement that continuing foreign investor confidence backed by reduced risk of loss in the capital market, political stability and improved security scenario has resulted in a boom for the domestic consumer market.
The conference was heavily followed by local media wherein JSGCL’s role in portraying a more constructive view of the nation on the international stage was appreciated. Coverage of the event was also broadcasted on various channels in Pakistan and US.
In conclusion, this engagement is expected to further increase the current all-time high trade between Pakistan and US and increase the country’s Foreign Direct Investments as well.