'Pakistan's economy is rebounding'

Speaking on behalf of the Pakistan delegation at the luncheon, Majyd Aziz said that today Pakistan is Page One news and is open for business. He said we are good partners and we also need to be treated with respect. He said that Pakistan needs the new cutting edge technology being developed in USA and that the Pakistani workers and technicians are capable of learning and operating the latest technology.
He said that the United States has decades of experience in coal technology while Pakistan with its vast reserves needs expertise in developing the economic viability of coal. He called for joint ventures in the transportation sector and stated that with the economy growing at a faster pace, Pakistan needs more locomotive engines, rail cars, signalling system, and latest trucks. He said there is going to be an acute shortage of trucks and this is one field that the Americans must enter in Pakistan. He said that the National Trade Corridor is a visionary policy of the government and this would open new vistas for investment in the trucking sector.
The delegation also visited Port of Los Angeles and Port of Long Beach in California, Port of Virginia in Norfolk and the Virginia International Terminals in Front Royal Virginia where they were given extensive briefings on the workings of the ports.
The delegation also visited Washington where they met American investors at USTDA and also visited Ex-Im Bank, OPIC, World Bank, and other organisations.
The Chairman and President of Ex-Im Bank personally welcomed the delegation at the Bank and expressed his desire to promote and finance projects in Pakistan. The delegation visit was coordinated and planned by The Cornell Group of Washington. – (PR)