US Exim Bank lifts curbs on investment in Pakistan

US Exim Bank has reviewed its Country Limitation Schedule for 2021 making available long-term risk cover for projects in Pakistan.

In a tweet posted on Saturday, Pakistan Ambassador to the US Asad M Khan said that this was a major endorsement of improved economic and security situation in Pakistan.

US EXIM Bank reviews Country Limitation Schedule for 2021. Now Long term risk cover to be available for projects financed in public & private sectors in Pakistan during 2021 - a major endorsement of improved economic & security situation in Pakistan @SMQureshiPTI @razak_dawood

— Asad M. Khan (@asadmk17) January 16, 2021

The US EXIM Bank has ended limitations for short and long-term investments in public and private sectors in Pakistan.

In another development relating to growing trade relations between Pakistan and the US, Pakistan has emerged as a bright spot in the global Covid response matrix.

According to a tweet posted by Pakistan Trade Mission in Washington DC on Saturday, demonstrating resilience, perseverance and altruism in challenging times, Pakistan’s PPE exports to the United States have increased from $0.6 million in 2019 to $32.41 million in 2020 (Jan-Nov).

Pakistan emerged as a bright spot in global covid response matrix. Demonstrating resilience, perseverance and altruism in challenging times, Pakistan’s PPE exports to US have increased from $0.6M in 2019 to $32.41M in 2020(Jan-Nov) @Emergingpk @PakEmbassyDC @tdap_official @PakPMO pic.twitter.com/Z0EOpmzhYy

— Pakistan Trade Mission Washington DC (@PakUSTrade) January 16, 2021