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Potential: ‘Better coordination needed to promote local business’

Publication:  The Express Tribune    
Date:  April 16, 2014
Web Address: http://tribune.com.pk/story/696572/potential-better-coordination-needed-to-promote-local-business/

There is a need for promoting medium enterprises in the private sector which require only $1 million to $15 million besides energy and venture capital. DESIGN: JAHANZAIB HAQUE

ISLAMABAD: 

Pakistan has immense potential in certain sectors like agribusiness, dairy, Fast Moving Consumers Goods (FMCGs) and Information and communicationtechnology (ICT), said Sadika Hameed, a US expert, during an interview.

There is a need for promoting medium enterprises in the private sector which require only $1 million to $15 million besides energy and venture capital. Hameed, currently visiting Pakistan, is a renowned economist and a fellow at the Center for Strategic and International Studies(CSIS) a leading US think tank based out of Washington DC.

“Better coordination between the US embassy and local companies can help target US development work toward specific undertakings that will promote local business growth,” she said. Pakistan has also great potential for US investors to help bring in cheaper but quality education and health facilities. APP

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