Pakistan an emerging market for UK businessmen: UK trade
UK Prime Minister’s Trade Envoy Rehman Chishti said that
considering Pakistan as an important emerging market, British
businessmen are ready to grow further trade and economic ties
with their Pakistani counterparts to avail the available
He said that all aspects of trade with Pakistan are focused.
Pakistan and United Kingdom enjoy strong bilateral relations and
share the history and deep cultural linkages. He said that this
visit will further enhance and strengthen Pakistan-UK relations
and up-scale existing co-operation in various fields,
particularly in the areas of common interest.
LCCI Acting President Zeshan Khalil said that exchange of
delegations and participation in each other’s exhibitions are a
useful tool to know more about each other. Such interactions
counterparts and other stakeholders allow embarking
upon new areas of cooperation.
Zeshan Khalil said that the UK is one of the top five
exporting markets in the world for Pakistan. The UK is ranked at
3rd and 16th places among the top exporting and importing
countries respectively for Pakistan. It is encouraging to see
that balance of trade is in favour of Pakistan and both
countries are maintaining overall trade above the US $ 2 billion
from the last three years.
Pakistan’s major exports to the UK consist of made-up textile
articles, cotton, articles of leather, surgical instruments and
cereals etc. Pakistan’s major imports from the UK are iron and
steel, machinery, chemical products, made-up staple fibres, and
pharmaceutical products etc.