UK has lot of space for Pakistani businessmen

British MP says collective efforts are needed to boost trade volume

Our Correspondent February 18, 2018
British MP says collective efforts are needed to boost trade volume Lord Nazir Ahmed. PHOTO: FILE

LAHORE: Many sectors of UK economy have vast space for Pakistani businessmen and they can help them get a share through business-to-business contacts, modern techniques and technologies, said British Member of Parliament Lord Nazir Ahmed.

Speaking at the Lahore Chamber of Commerce and Industry (LCCI), Ahmed said those countries where the private sector was playing its role well were leading on the economic front.

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Pakistani business community had the ability to turn the country into an economic power, Ahmed stressed, adding that the business community should come forward and join hands with their foreign counterparts. “Pakistani expatriates are playing a laudable role in the UK economy and they are ready to facilitate their Pakistani brothers who want to do business,” he remarked.

The British MP also emphasised the need for collective efforts to increase the existing trade volume between the two countries.

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Speaking on the occasion, LCCI President Malik Tahir Javaid said despite the GSP Plus preferential trade status, Pakistan had not been able to enhance its exports to the UK as they were stagnant at around $1.5 billion. “There is ample potential of joint ventures between the two countries in the areas of auto parts, processed food, among others,” he said. 

Published in The Express Tribune, February 18th, 2018.

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