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Pakistan Courts U.S. Investment With 'Pakistan for Profit' Pitch in Connecticut

Islamabad touts credit upgrades, IMF oversight, and SIFC access to draw U.S. capital.

Overview

  • Ambassador Rizwan Saeed Sheikh met Rep. John B. Larson in Hartford to press for an economically rooted upgrade in ties.
  • Larson voiced support for deeper economic and people-to-people links, pointing to Pakistani-Americans as a bridge for trade and investment.
  • Sheikh cited single-digit inflation, sovereign rating upgrades by major agencies, and continued IMF engagement to reassure investors.
  • He outlined collaboration in IT with a stated 70% cost advantage, expanded U.S. agricultural exports in cotton and soybeans, energy projects, and SIFC-facilitated investment.
  • The envoy met CBIA CEO Chris DiPentima and tech entrepreneurs to discuss AI, crypto rules, freelancing, and openings from AI to medical devices, with no formal agreements announced.