Pak-UK strategic partnership deepening in diverse fields: Envoy
HC highlights reforms being undertaken by Pakistan to facilitate a business-friendly environment
LONDON: Pakistan’s High Commissioner to UK Moazzam Ahmad Khan has stated that as the United Kingdom was Pakistan’s strategic partner, this partnership was deepening through growing linkages in diverse fields.
The UK, being the 3rd largest export market for Pakistani products, accounted for approximately 8% of Pakistan’s global exports, he added.
The High Commissioner was addressing a conference titled “Pakistan; A Land of Opportunities’ in Manchester” hosted by the Consulate General of Pakistan in coordination with Pakistan Britain Business Council (PBBC) and Greater Manchester Chamber of Commerce, a press release issued by Pakistan High Commission in London on Wednesday said.
The event was attended among others by High Commissioner Moazzam Ahmad Khan; UK Prime Minister’s Trade Envoy to Pakistan Mark Eastwood; Chairman PBBC Julian Hamilton Barns; Senior Advisor Campbell Kier; noted British Pakistani entrepreneur Aneel Musarrat as well as officials and office bearers of the Business Council, the High Commission and the Consulate General.
The High Commissioner noted that in 2021, despite the pandemic, Pakistan’s exports to the UK increased by 33%, thus crossing the milestone of US$ 2 billion for the first time.
He said that Pakistan’s GDP, despite the pandemic, grew by 5.37% in 2020-21, which was the second-highest growth in 14 years.
The High Commissioner also highlighted the reforms being undertaken by Pakistan to facilitate a business-friendly environment.
UK Prime Minister’s Trade Envoy to Pakistan, MP Mark Eastwood, showed a strong desire to improve existing trade and investment relations between Pakistan and the United Kingdom.
He shared that he would be visiting Pakistan soon along with a business delegation to explore further opportunities to enhance bilateral trade.
He further said that he was a supporter of the Free Trade Agreement (FTA) between Pakistan and the United Kingdom and wanted to see strides taken in this direction.
Julian Hamilton Barns, Chairman PBBC made a presentation highlighting the business opportunities in Pakistan.
A large number of business people, as well as community notables, participated in the event.