US Pledges To Assist US-Pakistani Diaspora To Spur Economic Growth

The Consul General Theriot emphasised the continued opportunities for future partnership at a conference of the US-Pakistani diaspora.

US Pledges To Assist US-Pakistani Diaspora To Spur Economic Growth

Nicole Theriot, the general consul of the United States in Karachi, highlighted on Friday the significant contributions of the US-Pakistani diaspora, which is an important ally in Pakistan’s social, commercial, and humanitarian spheres.

The Consul General Theriot emphasised the continued opportunities for future partnership at a conference of the US-Pakistani diaspora, highlighting the long-standing US-Pakistan partnership to advance Pakistan’s economic growth.

CG Theriot stated, “We are one team working towards the same goal, and the United States is committed to helping the US-Pakistani diaspora and local investors find opportunities and work with Pakistan through the Green Alliance framework to strengthen climate resilience, pursue energy transformation, and promote economic growth.”

This conference carried on the momentum started at a conference on January 25 in Islamabad, where USAID and the Organization of Pakistani Entrepreneurs of North America (OPEN) signed a five-year memorandum of understanding to speed up investments by Silicon Valley businesspeople in Pakistan’s technology sector.

At that conference, OPEN Silicon Valley also unveiled their flagship Startup Connect program, which offers coaching, mentoring, venture capital, and market access to Pakistani entrepreneurs.

“The conference was an opportunity to highlight some of the contributions and investments already made by the Pakistani diaspora, facilitate collaborations between Pakistani diaspora entities, and develop a road map for collective action to address the current economic, humanitarian, and social challenges in Pakistan,” CG Theriot stated.

Through its Project Finance Advisory Network Project, USAID sponsored the conference in close collaboration with the Silicon Valley-based organisation OPEN, which represents Pakistanis living in the US. Participants talked about the fundamental difficulties, opportunities, and future directions facing Pakistan’s technology sector.

More than 400 people attended in person, including representatives of the US-Pakistani diaspora, well-known businessmen from the area, and Pakistani officials, including Dr. Muhammad Sohail Rajput, the Federal Minister for Information and Telecommunication as well as the Chief Secretary of the Government of Sindh and Special Assistant to the Chief Minister on Investment and PPPs.

In order to address Pakistan’s challenges in the technology, humanitarian, social, and commercial sectors and to advance Pakistan’s development goals, the United States remained steadfastly committed to engaging and cooperating with the U.S.-Pakistani diaspora.