British envoy: Tucknott calls Pakistan an ‘emerging market’

Published: March 18, 2016
Deputy British High Commissioner. PHOTO:

Deputy British High Commissioner. PHOTO:

KARACHI: British Deputy High Commissioner John Tucknott said that Pakistan is an emerging international market and has great economic potential.

Addressing the media on the 4th anniversary of Crabtree and Evelyn’s at Dolmen Mall, Karachi, he said that the company has three stores in the country already, with plans of opening up another three in the pipeline.

Referring to Unilever, Standard Chartered Bank and pharmaceutical companies, he said British companies were successfully conducting their business in Pakistan and were keen to invest in energy, agriculture and building houses and factories.

He expressed interest in providing services to the people of Pakistan as it is becoming a top market, with the middle class crossing 60 million.

Responding to a question, Tucknott said that the Pakistan Stock Exchange was recognised as a potential exchange, however, he refrained from commenting on reports about London Stock Exchange’s interest in purchasing shares of PSX. 

Published in The Express Tribune, March 18th, 2016.

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