US Exim Bank lifts curbs on investment in Pakistan
Pakistan PPE exports to US shoot up to 32.41 million
January 16, 2021 03:55 PM
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.
https://twitter.com/asadmk17/status/1350231663486361603
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).
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