Pictured here during the inter-agency mission to Pakistan are (left to

right): OPIC Vice President for Insurance Michael T. Lempres, EXIM

Vice Chair and First Vice President April H. Foley, U.S. Ambassador

to Pakistan Nancy Powell, Pakistan’s Finance Minister Shaukat Aziz,

and USTDA Deputy Director Barbara Bradford.

American commercial involvement in fostering Pakistan’s development was the focus of an inter-agency mission to Pakistan in June by USTDA Deputy Director Barbara Bradford.  The highlight of the mission was a meeting with Pakistani President Pervez Musharraf to discuss U.S. Government assistance to help Pakistan achieve its development goals. 

At the conclusion of the visit, Deputy Director Bradford said, “This mission has increased awareness about the availability of USTDA’s programs to assist Pakistan in furthering its development. We look forward to building on the strength of our program in Pakistan in the future.”

Other participants in the inter-agency visit included Vice Chair and First Vice President of the Export-Import Bank of the United States (EXIM) April H. Foley and Vice President for Insurance at the Overseas Private Investment Corporation (OPIC) Michael T. Lempres.

In addition to the meeting with President Musharraf, the U.S. delegation met with officials from Pakistan’s Ministries of Finance and Economic Affairs, Commerce, Investment and Privatization, Communications, Water and Power Development, and Information Technology and Telecommunications.  Additional meetings took place with representatives of the Board of Investment, Petroleum and Natural Resources, the Private Power and Infrastructure Board, Pakistan Railways, and Pakistan’s Telecommunications and Customs Authorities. 

Throughout the mission, Deputy Director Bradford stressed USTDA’s interest in expanding the agency’s role in assisting Pakistan’s development.  Current USTDA-funded activities in Pakistan include studies on administrative barriers to investment, the establishment of a secondary mortgage market entity, and separate studies on undersea fiber optic cable and water desalination projects.

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