LONDON: The Birmingham Chamber of Commerce, along with the Pakistani High Commission in UK, UK Trade and Investment and Pakistan Britain Trade and Investment Forum (PBTIF), held a UK-Pakistan business promotion event ?Business Opportunities in Pakistan? on Tuesday.
The event highlighted the potential trade and investment opportunities between Pakistan and the United Kingdom in agriculture, information technology, food and beverages, pharmaceuticals, engineering, financial services and education, and was attended by the business community from both the countries. The participants included chief executives of renowned companies, financial institutions and community leaders.
The event was chaired by Pakistan British Trade and Investment Forum Chairman Thomas Harris. The High Commissioner of Pakistan Wajid Shamsul Hassan also participated in the conference. The UKTI Pakistan director and British Deputy High Commissioner in Karachi Francis Campbell had especially flown in to participate in the conference to highlight the growth in trade and commerce between the two countries and the strong potential Pakistan offered for British investors.
Speaking on the occasion, the Pakistani high commissioner discussed the economic potential and geo-strategic importance of Pakistan.
He emphasised that both Pakistan and United Kingdom had always enjoyed good trade relations, and in the fiscal year 2010-2011, Pakistan-Britain bilateral trade had exceeded ?1.3 billion, with an increase in Pakistan?s export by 14 percent. He also informed the participants that there was a 13 percent rise in the foreign direct investment in Pakistan, worth $208 million in the financial year 2010-2011.
He underlined the scope for British investment in Pakistan and informed the participants that despite numerous challenges to the country, its economy was faring well. He said that close bilateral relations between the UK and Pakistan greatly helped promote economic links.
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