Founder Chairman Pak-US Business Council and veteran trade leader Iftikhar Ali Malik Thursday congratulated Democrat Joe Biden on becoming 46th president of the United States. He expressed these views while talking to media here today.He also further extended greetings to Kamala Harris first ever woman Vice President and hoped new leadership will focus on bringing durable peace worldwide especially
in South Asia besides restoring the confidence of entire Muslim Ummah in addition to fully ensuring equal rights to all irrespective of color, creed, religion and caste.
He further hoped that under new era, Pakistan will be provided free market access to United States at zero duty in the wake of war on terror in the region and the US private sector will further enter into joint ventures in economic sphere.
Iftikhar Ali Malik said what Pakistan needs is to opt the model of joint ventures on the pattern of Egypt and some African countries to enhance trade ties with biggest economies like the US. He said Pakistan had been keen to explore potential trade concessions as it could import more US cotton in return for preferential US market access for its apparel export. A preferential Trade Agreement (FTA) could be a long goal because of complexity involved in the process, he further said and added that the Trade and Investment Framework Agreement ( TIFA) provided an institutional mechanism to carry forward those discussions and come up with new ideas.