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LAHORE: US is all set to transfer technology to Pakistan that could help the country to generate cheaper electricity through use of hydel, coal and windmill methods instead of going for producing expensive electricity through nuclear technology.
Bryan D. Hunt, Principal Officer US Consulate in a meeting with the President, Lahore Chamber of Commerce and Industry (LCCI), Muhammad Ali Mian, stated this here on Tuesday.
He said US could help Pakistan to produce cheaper electricity through coal and his country is ready to help Pakistan for construction of water reservoirs.
Bryan said US has already given $500 million aid to Pakistan and would extend further support, especially for education and health sectors.
Hunt said that US is working on a Free Trade Agreement (FTA) with Pakistan but real situation would clear after US elections.
While appreciating the role of Pakistani business community, the US diplomat said he would send this message to Washington that Pakistan business community is full with commitments.
Speaking on the occasion, President LCCI said US is a leading export market of Pakistani products accounting for about one quarter of total exports. He said that during 2007, Pakistans exports to USA were $3.9 billion, showing an increase of 5 percent over 2006, in which 90 percent of the exports comprised of textile and apparel products, whereas Pakistans imports from US were around $2 billion almost same as in 2006.
Muhammad Ali Mian said civilian aircraft and associated equipment accounted for one quarter of the import value, electricity-generating machinery is another notable item imported from US during 2007.
He said that US relations with other South Asian countries are showing an inequality as the area of cooperation between US and India is very high as compared to Pakistan. He said US has extended a number of projects India, including Knowledge Transfer Initiative among the US and Indian business community under FICCI collaboration; US-India Biotech Alliance to foster the growth of the biotechnology industry in India; US-India Fund (USIF) has supported 300 research projects in Science & Technology; and signing of Indo-US S&T agreement; and US-India cooperation in Nano-technology in 2005. staff report
Daily Times - Leading News Resource of Pakistan
Bryan D. Hunt, Principal Officer US Consulate in a meeting with the President, Lahore Chamber of Commerce and Industry (LCCI), Muhammad Ali Mian, stated this here on Tuesday.
He said US could help Pakistan to produce cheaper electricity through coal and his country is ready to help Pakistan for construction of water reservoirs.
Bryan said US has already given $500 million aid to Pakistan and would extend further support, especially for education and health sectors.
Hunt said that US is working on a Free Trade Agreement (FTA) with Pakistan but real situation would clear after US elections.
While appreciating the role of Pakistani business community, the US diplomat said he would send this message to Washington that Pakistan business community is full with commitments.
Speaking on the occasion, President LCCI said US is a leading export market of Pakistani products accounting for about one quarter of total exports. He said that during 2007, Pakistans exports to USA were $3.9 billion, showing an increase of 5 percent over 2006, in which 90 percent of the exports comprised of textile and apparel products, whereas Pakistans imports from US were around $2 billion almost same as in 2006.
Muhammad Ali Mian said civilian aircraft and associated equipment accounted for one quarter of the import value, electricity-generating machinery is another notable item imported from US during 2007.
He said that US relations with other South Asian countries are showing an inequality as the area of cooperation between US and India is very high as compared to Pakistan. He said US has extended a number of projects India, including Knowledge Transfer Initiative among the US and Indian business community under FICCI collaboration; US-India Biotech Alliance to foster the growth of the biotechnology industry in India; US-India Fund (USIF) has supported 300 research projects in Science & Technology; and signing of Indo-US S&T agreement; and US-India cooperation in Nano-technology in 2005. staff report
Daily Times - Leading News Resource of Pakistan
