Islamabad : After high level meetings between the United States (US) and Pakistan , US companies have started to have meetings with Pakistani officials for investment in Pakistan. In this regards , USSM , a top level US company having experts in mining , has signed a memorundom of understanding (MoU) with Frontier Works Organisation (FWO), aiming to invest $ 500 million in mining sector of Pakistan.
Signing of MoU is a practical step between Islamabad and Washington for resetting mutual financial cooperation and move ahead as a business partnership.
A USSM high level delegation had a meeting with prime minister and his team including federal cabinet members relating to mining and IT.
In a handout , Prime Minister House said on Monday that signing of a MoU and commitment to work between FWO and USSM is a new beginning of cooperation between US and Pakistan for financial cooperation . It added that USSM and FWO will explore new opportunities for investment in Pakistan
US has declared to give top priority to US companies in Pakistan . US president , Donald Trump , has been repeatedly confirming resolve of his government for US companies’ investment in Pakistan.
US companies have great interest in investing in Pakistan’s key sector like mining and oil and gas exploration.
Meanwhile, US embassy has issued a statement on USSM’s coming to Pakistan and sign MoU with FWO for investment in mining sector. It said excited to see U.S. companies like USSM deepening economic ties with Pakistan! USSM’s visit to Islamabad marks an important milestone as they sign an MOU to collaborate on critical minerals production. A forward-looking partnership with great potential for both.
