ISLAMABAD: The third annual UK-Pakistan Trade and Investment Conference was held in London. It was arranged by UK Trade and Investment (UKTI) in collaboration with Pakistan High Commission London. The business opportunities in Pakistan were discussed to increase foreign investment.
Foreign and Commonwealth Office Minster for Pakistan, Tobias Ellwood MP represented the British government in the conference whereas Dr. Miftah Ismail, BoI Chairman led the delegates and business representatives from Pakistan.
More than fifty CEOs and representatives of the British as well as Pakistani companies attended the Conference.
The Conference followed November’s UK-Pakistan Energy Conference which looked at how Pakistan could address its energy challenges, sharing UK expertise and experience in the energy sector.
“We firmly believe we can play a part in building Pakistan’s economy and opening doors for UK business,” said Tobias Ellwood while addressing the conference.
He expressed the hope that efforts to strengthen bilateral trade relationship would continue to bring both the countries closer to achieve the challenging trade target.
“I encourage all UK companies considering exporting to Pakistan to contact UKTI and find out about the exciting opportunities on offer,” he said.
Speaking on the occasion, Dr. Miftah Ismail said that Pakistan was an investment destination of choice because of its large middle class and trained workforce, positive economic outlook with stable indicators, huge resource base, growing financial markets and very attractive investment policies.
He said Pakistan offers tremendous opportunities of foreign investment in a wide variety of sectors, particularly in power sector, oil & gas exploration, and food & agriculture.
Particularly the financial sector of Pakistan shows good prospects with increase in Islamic banking practices and very strong capital markets, he added.
Dr. Miftah said that twenty six banks operating in Pakistan have foreign shareholding while 22 banks are listed on the stock exchanges with a market capitalization of PKR 1.5 trillion.
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