UK researching to provide significant market access

Wants to bring investment and expertise to Pakistan

LAHORE:

British Deputy High Commissioner and Trade Director for Pakistan Sarah Mooney has said that the United Kingdom is working to increase trade and investment so that Pakistan could achieve its appropriate place in the international arena.

Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday, she revealed that the High Commission was researching to identify the Pakistani products which could gain significant success to the UK market. “We must go forward to change the style of partnership between Pakistan and the UK into a genuine partnership where we bring investment and expertise and take benefit from the expertise in Pakistan.”

Britain had 96% duty-free products coming from Pakistan and was working on the rest, said Mooney.

“Education is our priority area where we want to collaborate with Pakistani institutions and enhance cooperation; we are also keen to support education below the university level,” she stressed. Other areas of interest were sustainable growth, green energy and infrastructure development, she said. “Lastly, healthcare is our other priority area.”

According to the State Bank of Pakistan’s statistics, exports to the UK were around $2.2 billion in fiscal year 2021-22 as compared to around $2 billion in 2020-21.

Published in The Express Tribune, January 26^th, 2023.

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