ISLAMABAD, PAKISTAN (June 9, 2004) – U.S. commercial involvement in
fostering Pakistan’s development was the focus of a meeting this
week between Pakistani President Pervez Musharraf and senior U.S.
Government officials from three agencies on a business development
mission that concluded today. Deputy Director Barbara R. Bradford
represented the U.S. Trade and Development Agency (USTDA) on the
visit.
“USTDA is committed
to working with strong partners to promote Pakistan’s growth,” said
USTDA Deputy Director Bradford at the conclusion of this week’s
visit. “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, Pakistan Telecommunications Authority, and
Pakistan’s Customs Authority. In all of the meetings, Deputy
Director Bradford stressed USTDA’s interest in expanding the
agency’s role in assisting Pakistan’s development.
The U.S. Trade and
Development Agency advances economic development and U.S. commercial
interests in developing and middle-income countries. The agency
funds various forms of technical assistance, feasibility studies,
training, orientation visits and business workshops that support the
development of a modern infrastructure and a fair and open trading
environment. USTDA’s strategic use of foreign assistance funds to
support sound investment policy and decision-making in host
countries creates an enabling environment for trade, investment and
sustainable economic development. In carrying out its mission,
USTDA gives emphasis to economic sectors that may benefit from U.S.
exports of goods and services.