High Commissioner to UK pushes for trade

Entrepreneurs meet Pakistani govt officials at workshop.

LONDON:

Pakistan’s High Commissioner to the UK Wajid Shamsul Hasan said Pakistan’s investment policies are geared towards foreign direct investment. He said this at a workshop ‘Doing Business in Pakistan’ on Wednesday evening.

Entrepreneurs and officials of UK Trade and Investment and Gateway met with the officials from the commercial section of the High Commission at the workshop and representatives of the companies already doing business in Pakistan.

“Recent reforms have improved our position and helped sustain our standing as the foremost business-friendly location in the region,” Hasan said. He added that Pakistan offers many Special Economic and Export Processing Zones with lucrative incentives for investment purposes including the duty-free import of machinery and equipment, repatriation of capital and profits.

Highlighting growing business and trade links between Pakistan and the UK, Hasan said, “Historically, Britain and Pakistan have always enjoyed good trade relations and many British companies see Pakistan as the country of first choice to do business.”

Stating figures, he said that bilateral trade between the two countries exceeded $1.6 billion during the year 2010.

Published in The Express Tribune, July 15^th, 2011.