UK-Pak BC to meet UK investors to lure foreign investment in Pakistan

Staff Report

UK-Pak Business Council would meet with UK investors in London in last week of September to lure foreign investment in diversified fields in Paki-stan besides establishing collaboration between private sector for setting up joint ventures in various sectors of economy.

Chairman, UK-Pak Business Council Pakistan chap-ter Mian Kashif Ashfaq on Sunday said while talk-ing to a delegation of importers and exporters led by Air Commodore(Retd) Ch Muhammad Asif Arain.

He said UK is the fifth largest economy in the world measured by nominal gross domestic prod-ucts(GDP) comprising three percent of the global Gross Domestic Product (GDP), said a news release issued here on Sunday. He said UK is the ninth largest exporter and the fourth largest importer in the world.

The chairman said the council was creating awareness about Prime Minister Imran Khan’ special unprecedented pack-age of incentives offered to all foreign investors to attract foreign investment to Pakistan for industriali-sation coupled with business friendly environment.

He said the council was also planning to con-duct a joint meeting of UK-Pak investors in the UK for exploring investment avenues in different sec-tors.

Mian Kashif said Pakistan’s export to the UK posted a 33 percent growth when it reached US $ 2.025 billion in the fiscal last fiscal year ended on June 2021 against US $ 1.522 bln over financial year 2020 mainly led by textile products.

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