United Kingdom conference strengthens trade bonds with Pakistan
Islamabad: As part of the UK’s efforts to promote investment in Pakistan, the London Chamber of Commerce and Industry with the support of High Commission of Pakistan in the UK, hosted a conference ‘Explore Pakistan’s Potential’ in London on 7th October 2011.
The goal of the conference was to realise the potential for increased trade opportunities with Pakistan by encouraging UK companies to consider expanding their operations there. Business representatives from retail, financial, advisory and various other sectors attended the event.
British High Commissioner to Pakistan Adam Thomson spoke at the event, alongside Pakistan High Commissioner to London Wajid Shamsul Hasan. Baroness Sayeeda Warsi and Foreign and Commonwealth Office Minister, Alistair Burt were also in attendance.
Speaking at the event, Adam Thomson said: “Pakistan is facing many challenges but has the resilience to convert these challenges into opportunities for development. For UK companies deciding on which export markets to target, it is important that they look to those markets that are experiencing growth. There are significant opportunities for partnership between UK and Pakistan firms and I would encourage businesspeople to explore these with the help of UK Trade and Investment”
Regional Manager – South Asia from City and Guilds, Mufty Hashim also spoke at the event about opportunities in the education sector in Pakistan and demand for UK expertise. He said:
“City and Guilds has had a very positive experience in Pakistan. There is a high demand for British vocational qualifications in Pakistan, and City and Guilds is partnering with local education institution to ensure these demands are met.”
The UK is committed to strengthening its strategic relationship with Pakistan, including a growing trade and investment relationship. Bilateral trade is already worth more than £1 billion and with the recent announcement of British Prime Minister, David Cameron the aim is to increase trade £2.5 billion by 2015.
There are more than 100 British Companies already have strong presence in Pakistan. Household names such as HSBC, Barclays, Shell, Unilever, GlaxoSmithKline, Mothercare and Next are reporting consistent high profits from Pakistan operations. Karachi has the largest purpose-built Toni and Guy salon in the world.
For more information, contact:
Head of Press and Public Affairs
British High Commission
Tel: +9251 201 2000
Cell: +92300 500 5306