{"id":12429,"date":"2016-09-22T21:24:06","date_gmt":"2016-09-22T16:24:06","guid":{"rendered":"http:\/\/vid.app.com.pk\/vid\/?p=12429"},"modified":"2021-03-22T12:53:56","modified_gmt":"2021-03-22T07:53:56","slug":"pm-seeks-preferential-trade-access-to-us-market-to-boost-bilateral-trade","status":"publish","type":"post","link":"https:\/\/vid.app.com.pk\/vid\/2016\/09\/pm-seeks-preferential-trade-access-to-us-market-to-boost-bilateral-trade\/","title":{"rendered":"PM seeks preferential trade access to US market to boost bilateral trade"},"content":{"rendered":"<div style=\"width: 696px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-12429-1\" width=\"696\" height=\"557\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/x-flv\" src=\"http:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2016\/09\/PM-addresses-at-Pak-US-Business-council.flv?_=1\" \/><a href=\"http:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2016\/09\/PM-addresses-at-Pak-US-Business-council.flv\">http:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2016\/09\/PM-addresses-at-Pak-US-Business-council.flv<\/a><\/video><\/div>\n<p>NEW YORK, Sep 22 (APP): Prime Minister Muhammad Nawaz Sharif Thursday sought preferential trade access to the US market to boost bilateral trade between Pakistan and United States.<\/p>\n<p>\u201cWe seek preferential trade access to the US market so<br \/>\nthat Pakistan and US businesses get a fair chance of doing business with each other. Such an arrangement is necessary to boost bilateral trade,\u201d the Prime Minister said while speaking at a luncheon co hosted by the US Pakistan Business Council (USPBC) and the US Chamber of Commerce.<\/p>\n<p>He expressed the hope that the US Chamber of Commerce<br \/>\nand the USPBC will play their role in bringing the two countries closer on this and in convincing the US administration and Congress for its need.<\/p>\n<p>\u201cThis will go a long way in strengthening the relationship between the two countries, their people and businesses,\u201d he added.<\/p>\n<p>The Prime Minister said he firmly believed that a strong<br \/>\ntrade and economic relationship was an essential pre requisite for a stable, long term people to people relations.<\/p>\n<p>The United States has remained an important economic and<br \/>\ntrading partner of Pakistan, he said, adding, this partnership has been beneficial for private businesses of both countries and instrumental in fostering growth in Pakistan.<\/p>\n<p>\u201cHowever, the level of trade and investment between the<br \/>\ntwo countries has not kept pace with global trends,\u201d he said and mentioned that recognizing this, both President Obama and he agreed in their meeting in October 2013 to jointly work on developing a Joint Action Plan to expand bilateral trade and investment flows over the next five years.<\/p>\n<p>\u201cI see tremendous potential to deepen trade, economic<br \/>\nand investment cooperation between our two countries.<\/p>\n<p>Your role as business leaders, investors and entrepreneurs is critical in enabling our two governments to fully harness the potential,\u201d he added.<\/p>\n<p>The Prime Minister said turning around the economy,<br \/>\novercoming the energy crisis, combating extremism and<br \/>\nterrorism and investing in education have been the key<br \/>\npriorities of his government ever since assuming office in<br \/>\nJune 2013.<\/p>\n<p>\u201cI am, therefore, particularly pleased to share with you<br \/>\nthe details of the progress achieved by Pakistan,\u201d he added.<\/p>\n<p>The Prime Minister said as a result of bold economic reforms, his Government had achieved significant improvement in all major economic indicators. Pakistan\u2019s growth has increased and the budget deficit has been reduced, he added.<\/p>\n<p>He said with a young and vibrant population of 200 million, growing consumer demand, as well as a stable economy and improved security, Pakistan offered enormous opportunities for profitable investment and trade.<\/p>\n<p>Giving an overview of some of the key economic<br \/>\nindicators in Pakistan, the Prime Minister said inflation is now well below 3% the lowest in 47 years.<\/p>\n<p>The State Bank of Pakistan in its Monetary Policy<br \/>\nDecision announced in May 2016 decreased the discount rate to 5.75% again lowest in last 4 decades, he added.<\/p>\n<p>The Prime Minister said up gradation of the Karachi Stock Exchange to Emerging Market Index by Morgan Stanley Capital International (MSCI) was an important development.<\/p>\n<p>\u201cPakistan\u2019s economy is back on an upward growth<br \/>\ntrajectory and FY 2015 16 saw growth of 4.71%, the highest in a decade. There has also been a successful revival and resumption of the strategic private sector participation program,\u201d he added.<\/p>\n<p>APP\/Zaheer<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Sep 22 (APP): Prime Minister Muhammad Nawaz Sharif Thursday sought preferential trade access to the US market to boost bilateral trade between Pakistan and United States. \u201cWe seek preferential trade access to the US market so that Pakistan and US businesses get a fair chance of doing business with each other. Such an [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12431,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-12429","1":"post","2":"type-post","3":"status-publish","4":"format-video","5":"has-post-thumbnail","7":"category-national","8":"post_format-post-format-video"},"video_url":["http:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2016\/09\/PM-addresses-at-Pak-US-Business-council.flv"],"featured_media_src_url":"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2016\/09\/t-64.jpg","_links":{"self":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/12429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/comments?post=12429"}],"version-history":[{"count":1,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/12429\/revisions"}],"predecessor-version":[{"id":12433,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/12429\/revisions\/12433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/media\/12431"}],"wp:attachment":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/media?parent=12429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/categories?post=12429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/tags?post=12429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}