Manzar Naqvi
KARACHI: Scott Urbom , the US Consul General in Karachi, emphasized the crucial role that American businesses play in Pakistan’s economy as both corporate leaders and responsible community members. His visit to the Pakistan Stock Exchange (PSX) was marked by the symbolic gong-striking ceremony, which officially opened the trading day. This act, carried out in the heart of Pakistan’s financial hub, symbolized the deep-rooted economic relationship between the United States and Pakistan, reaffirming both nations’ commitment to further strengthening business ties.
Consul General Urbom and his delegation were warmly welcomed by Dr. Shamshad Akhtar, Chairperson of PSX; Nadeem Naqvi, MD and CEO of PSX; PSX Board members; and senior management of the Exchange. The ceremony was attended by prominent business leaders from US-based companies operating in Pakistan, underscoring the growing economic collaboration between the two countries.
In his address, Consul General Urbom highlighted the significant contributions of American businesses to Pakistan’s economy. “American businesses operating in Pakistan are vital corporate citizens,” he said. “Not only do they contribute to local economies, but they also enhance the well-being of communities across the country. These companies are among the largest employers in Pakistan, creating jobs that support families and drive economic stability, while also leading impactful corporate social responsibility initiatives in education, healthcare, and environmental sustainability.”
Urbom expanded on the broader vision for US-Pakistan economic cooperation, noting that American companies’ contributions extend far beyond financial metrics. “Our goal is to deepen this economic partnership by fostering equitable and sustainable growth that benefits both nations,” he continued. “The United States remains committed to enhancing trade and investment ties with Pakistan to ensure the longevity of our relationship.”
He also underscored the potential for further collaboration between American and Pakistani private sectors, particularly in areas such as technology, energy, and finance. “We believe that the opportunity for deeper partnerships is immense. Together, we can unlock new avenues for innovation, entrepreneurship, and prosperity,” Urbom remarked.
The Consul General praised Pakistan’s financial sector, particularly the modernization efforts at the PSX. “The Pakistan Stock Exchange plays a
