USPBA to be registered with BoI: Qaiser

ISLAMABAD: In a significant move to enhance bilateral business ties, Federal Minister for Board of Investment (BoI), Qaiser Ahmed Sheikh, announced on Wednesday that the US-Pakistan Business Alliance (USPBA) will soon be formally registered with the Board of Investment (BoI), ensuring institutional coordination and facilitating deeper business engagement between the two countries.

The announcement came during the launch ceremony of the USPBA Pakistan Chapter. The event was attended by diplomats from the US Embassy, leading business leaders, and other key stakeholders from both countries.

Speaking at the event, Sheikh emphasised Pakistan’s strategic geographic location as a vital economic bridge connecting South Asia, Central Asia, the Middle East, and China.

“Pakistan is uniquely positioned to serve as a central hub for regional and international trade, offering vast untapped potential for business,” he said.

He also highlighted the recent positive shift in trade relations between Pakistan and the United States, noting that under the leadership of US President Donald Trump, bilateral engagement had gained new momentum, setting the stage for enhanced economic collaboration.

Sheikh outlined the numerous opportunities for US investment in Pakistan, particularly in sectors such as minerals and mining, rare earth metals, technology, energy, and industrial development.

“Pakistan’s stock market performance reflects the growing confidence of investors, further bolstering the country’s economic stability,” he remarked.

Additionally, the minister touched upon the efforts made by the BoI to improve the business climate in Pakistan, particularly through the establishment of the Business Facilitation Centre.

This one-window solution aims to simplify investment processes and improve the ease of doing business in the country.

Sheikh also lauded the Asaan Karobar Act, a key regulatory reform designed to facilitate both local and foreign investors.

In a forward-looking gesture, Sheikh welcomed a group of Yale University students visiting Pakistan, noting that their visit, along with that of alumni, is a promising sign of expanding academic, trade, and business links between the US and Pakistan.

Concluding his remarks, the minister expressed full support for the US-Pakistan Business Alliance, reiterating the BoI’s commitment to fostering investment opportunities and ensuring that both local and international investors receive the necessary support to succeed in Pakistan.