An MoU was signed in Lahore on Monday establishing and delineating working relations between the American Business Forum and the newly formed Overseas Security Advisory Counsel (OSAC). The OSAC MoU was signed by, both, Ambassador of the United States to Pakistan Richard G. Olson and American Business Forum (ABF) President Salim Ghauri. OSAC International Security Director Ira Russ was the Guest of Honour at the signing ceremony.
Ambassador Olson hailed efforts by ABF for promotion of good business relations between US companies and Pakistani business concerns. He said in a rapidly globalising economy, these efforts would go a long way to turn the tide of worldwide recession.
Ghauri thanked Olson and reaffirmed ABF’s commitment to establishing an effective bridge between the US and Pakistani economies for the benefit of all.
Per the working MoU, OSAC Country Councils will serve as a liaison between the US private sector operating overseas and US embassies and consulates around the world. The Lahore, Pakistan Country Council has been established to exchange useful and timely information among the US Consulate, the ABF, and American-owned organisations, American-based non-governmental organisations, faith-based groups, and academia.
ABF is a non-profit body formed by Pakistani businesses in USA. Formed in 2009, its purpose is to provide a platform to American companies for business expansion, resolution of issues and attracting FDI in Pakistan. In this regard, interaction with provincial as well as federal governments is a key objective. ABF endeavours to play a key role in promoting trade and investment which are vital for the economic revival of Pakistan. This member-focused association aims to help the general public by development of human resource in Pakistan and convincing people in fulfilling their social responsibilities.
Ambassador Olson, American Business Forum sign OSAC MoU
