Representatives of the United States and Pakistan met February 7-10 in London for the first negotiating session for a Bilateral Investment Treaty.  Officials from the Department of State and the Office of the U.S. Trade Representative led the U.S. delegation. The Secretary of the Pakistani Board of Investment headed the Pakistani delegation.

The delegations examined the draft text in detail, making progress and reaching informal agreement on several issues. The negotiating teams intend to meet for another round of negotiations in Pakistan this spring.

Source:
http://www.state.gov/r/pa/prs/ps/2005/42211.htm