Pakistan an emerging market for UK businessmen: UK trade delegation

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 opportunities.

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 with the 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.

 

 
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