Member Parliament House of Commons UK Ms Anum Qaiser Sunday disclosed that the United Kingdom wants to increase bilateral trade with Pakistan from existing £3 billion to £10 billion to achieve mutually beneficial outcomes. Talking to chairman UK-Pakistan Business Council Mian Kashif Ashfaq on Sunday she said that improvement in bilateral trade and economic relations between the UK and Pakistan would bring progress and prosperity to both countries.
She said that about 5,000 UK companies were doing business in the UAE, but only 150 companies were in Pakistan despite the fact that Pakistan was a huge market of over 220 million people. Ms Anum emphasised that Pakistan should focus on addressing the issues of red tape and other bottlenecks along with ensuring a predictable and growth-oriented tax regime to attract more investors from the UK and other countries.She said that the UK was focusing on four areas for close cooperation with Pakistan which included healthcare, education, green energy and infrastructure.
