Pakistan and the United States have resolved to make efforts for progress in bilateral investment treaty (BIT) negotiations, Commerce Minister Humayun Akhtar Khan says. He was talking to the reporters after meeting senior US Administration officials in Washington, according the state-run Associated Press of Pakistan. We have resolved to focus and try to make progress in the bilateral investment treaty negotiations, which had been static in the last several months, he said. Khan said that the two countries would be able to achieve consensus on a few unresolved issues in BIT negotiations but added no timeframe has been fixed as yet. The Minister, who also interacted with the American entrepreneurs, expressed satisfaction with the American investors growing confidence in the Pakistani economic potential and its consistent policies and in this context cited continued increase in US investment in various sectors in recent years. However, he added, the conclusion of a bilateral investment treaty would give additional comfort to the new investors. The fact that Pakistan received a record 8.4 billion dollars investment last year signifies the tremendous trust and confidence of the international businesses in the strength of the economy, the Minister said.
