They discussed in detail the investment prospects with Finance Minister, Shaukat Aziz here on Friday afternoon.
The representative group of businessmen was given in-depth analysis of Pakistan's investment potential, its competitive edge in human capital, strategic location and business friendly environment.
Shaukat Aziz stated that overseas Pakistanis had to play a crucial role in image building abroad and encouraging their American counterparts to do business in Pakistan.
He said Pakistanis of American origin could play a role of catalyst in promoting American investment in Pakistan and also investing themselves in Pakistan.
Finance minister dilated on economic growth, increasing reserves, and double-digit increase in industrial production, low interest rates, mortgage financing and consumer credit.
He said the construction industry has picked up and cement industry has achieved 95 percent production capacity.
The invigorated economic activity has generated jobs, will reduce poverty and create an enabling atmosphere for investors to look towards Pakistan as a regional hub for industrial production. He stated that the private sector is the engine of economic growth.
The Minister stated that Pakistan's economic turnaround has been made possible through structural and financial reforms, which have assured a level playing field for the private sector to participate in the economic development of the country.
Replying to a question, he said Pakistan has offered hassle free investment climate with choice of 100 percent equity and repatriation of profits.
The quality of life and security of investors were assured and Pakistan was poised to play a part in the economic development of the region especially as a conduit for trade to Afghanistan, Central Asia and the Middle East, the minister said adding that the Gwadar port will play a crucial role in creating a regional hub for trade, investment and tourism.
The American businessmen, who had recently visited Lahore, would participate here in seminars and workshops on investment opportunities finding Pakistani counterparts in promoting mutual business interests.
James Gilmore appreciated the improvement in Pakistan's macro-economic situation and the investment climate. The Finance Minister also appreciated the recent decision by US government to open Exim Bank and OPIC credits for Pakistan, which would help increase trade and investment between the two countries.
Members of American Business Association and the senior officials of the Ministry of Finance attended the meeting.