ISLAMABAD: American Ambassador to Pakistan David Hale has said  that the United States and Pakistan are closely aligned on the objective of Pakistan’s economic development, and that innovation is key to achieving this goal.

He said this at the opening of the two-day “Leaders in Islamabad Business Summit,” organized by Nutshell Forum in collaboration with the Ministry of Planning, Development, and Reforms in Islamabad.

 “We work together fostering economic growth, increasing  bilateral trade, improving the investment climate, protecting intellectual property and promoting entrepreneurship.”, the diplomat added.

Highlighting the untapped potential for growth in the U.S.-Pakistan economic relationship, the Ambassador said that American companies are increasing their presence in Pakistan.

“From some of our largest manufacturers and infrastructure companies, to small and medium services companies, the American private sector is finding Pakistan to be
an increasingly attractive market.  American business leaders praise the quality of people that they work with, and the interest that Pakistan’s business community has shown in American products.”  He added,

He said that the  biggest challenge  for Pakistan as well as for America and all other economies is for governments to be flexible enough to facilitate and support the new
business models and innovation that entrepreneurs are developing in such a fast-changing global economy.”