American companies interested in investing in Pakistan: US official

Islamabad (HRNW) The Chief US diplomat for South Asian Affairs Alice Wells said Friday that the American energy firms and manufacturers are interested in the Pakistani market.

Wells, the principal deputy assistant secretary of state for South and Central Asian Affairs, said that Exxon-Mobil, Excelerate, Cargill and Honeywell are all pursuing major new investments.

The US diplomat said that online taxi service Uber is creating 80,000 jobs for Pakistani youth.

Briefing the media in Washington, Wells criticized China’s “One Belt One Road” projects and said that “projects under One Belt One Road often don’t adhere to international standards.”

“And the argument that I was making in Pakistan is that there are opportunities and should be opportunities for American investment, American energy firms, and manufacturers are interested in the Pakistani market,” the US diplomat said.

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