US investment in Pakistan begins: new projects in various sectors

A high-level delegation of American companies met with Prime Minister Shehbaz Sharif and Army Chief General Asim Munir to discuss large-scale investment projects in Pakistan. The American companies announced an initial investment of $500 million in various sectors, while the companies included in the delegation expressed interest in mining, infrastructure and construction projects.

According to a statement from the Prime Minister’s House, the American company will establish a modern polymetallic refinery in Pakistan through which gold, copper and other minerals will be exported from Pakistan. This agreement will guarantee employment opportunities, technology transfer and promotion of sustainable development.

The statement said that a historic agreement was signed between FWO and an American company on critical minerals, while on this occasion, the American companies were also briefed on Pakistan’s gold and copper reserves. Similarly, an MoU on logistics and construction was also signed between NLC and another American company.

Deputy Prime Minister Ishaq Dar and federal ministers were also present in the meeting. The US delegation expressed its desire for a long-term partnership in Pakistan and described Pakistan as an attractive investment destination in the region.