ISLAMABAD: Privatisation Commission (PC) Chairman Muhammad Zubair on Tuesday urged US investors to contribute to the China-Pakistan Economic Corridor (CPEC).

Speaking to US Ambassador to Pakistan David Hale, the PC chairman acknowledged the US companies’ contribution to the Pakistani economy. He noted that the United States is one of the oldest trading partners of Pakistan, adding that it remains one of the top sources of foreign direct investment (FDI).

Mr Zubair briefed the US ambassador about the privatisation programme, saying that some of the key public-sector entities on the privatisation list are in the final stage of due diligence.

Ambassador Hale reiterated the importance of privatisation as a key economic reform to achieve growth. He also promised his support in bringing more US investment to Pakistan.

The United States is one of Pakistan’s largest bilateral trading partners besides being a major source of FDI.

Published in Dawn December 28th, 2016