Karachi—British Business Centre (BBC) and SEED Ventures have signed a Memorandum of Understanding (MoU) for the development of entrepreneurial landscape between Pakistan and UK. An announcement on Wednesday said that the SEED Ventures, is an enterprise development organisation that works to promote and facilitate entrepreneurship, which will help promote trade, industry, investment and economic relations between the UK and Pakistan. Furthermore, the two entities will work together to develop the enterprise and social enterprise landscape in the two countries through cross-border relations and initiatives.
The MoU was signed by Chief Executive Officer and Co-Founder, SEED Ventures, Faraz Khan, and Chief Executive Officer, British Business Centre, Malahat Awan in presence of Dr Ishrat Husain, former Governor State Bank of Pakistan and the country’s prominent economist, British Deputy High Commissioner in Karachi, John Tucknott MBE, Director and Co-Founder, SEED Ventures, Khusro Ansari as well as prominent members of the business community. According to the MoU, SEED Ventures and British Business Centre have agreed to work collaboratively as partners to enhance, promote and support the entrepreneurial segment of Pakistan and the UK through cross-border enterprise development, local business solutions, and 360-degree business consultancies. In this regard, they will be creating synergies with the development sector, the private sector, as well as the locally operating UK organisations. Speaking at the ceremony as a chief guest, Dr. Ishrat Husain, a former Governor of State Bank of Pakistan, said that the bilateral trade and investment relationship between our two countries holds great significance for the Government of Pakistan.