US agency considering major investment in Pakistan, according to envoy

Donald Blome, the US ambassador to Pakistan, stated on Friday that the US International Development Finance Corporation (DFC) was anxious to make substantial investments in Pakistan.

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During a meeting with Shahid Ashraf Tarar, the interim minister for communications, railways, and maritime affairs, Mr. Blome stated that the United States was prepared to assist Pakistan in fostering an investment-friendly environment.

Due to the diversification of industries and businesses in South Asian economies, Pakistan had an exceptional opportunity to attract foreign investment, he said.

According to its website, the DFC is the U.S. government’s development finance institution that collaborates with the private sector to fund solutions to “the most critical challenges facing the developing world.”

The corporation invests in projects that generate jobs in emerging markets in sectors such as energy, healthcare, critical infrastructure, telecommunications, and small business and women entrepreneur financing.

Mr. Tarar informed the U.S. ambassador that the Karachi-Peshawar railway track was damaged at certain vulnerable locations during the recent floods, and that the United States could collaborate with Pakistan Railways to reclaim these vulnerable tracks and secure them against future floods.