Pak-UK relations: Britain willing to work on joint ventures

Companies interested in desalination plant, use of waste in power generation.

KARACHI: Federation of Pakistan Cham­bers of Commerce and Industry (FPCCI) President Zakaria Usman has said that there is huge potential of Pakistani products in the United Kingdom (UK) but the current statistics of bilateral trade between the two countries are not reflecting the real picture.

He said this while meeting the British Deputy High Commissioner Karachi Jhon Anthony Tucknott who was visiting the FPCCI head office.

The envoy said that the prosperity of Pakistan with strengthening commercial trade and economic activities between the two countries is high priority.

He added that many British companies are willing to start their businesses in Pakistan and want to undertake joint ventures with their counterparts particularly in gas and power generation and waste power plants. He further said that many British companies are already successfully running their businesses in the country.

He also informed the FPCCI chief that they are planning to hold a seminar to introduce financial services products in the UK market for which the Pakistani financial companies are invited to attend, which is an important opportunity for them.

Anthony said that a British company is interested in setting up a desalination plant project which will be capable of providing millions of gallons of water per day. He also said that an experienced British company is also interested in setting up a power generation project through the use of solid waste.

Published in The Express Tribune, December 24^th, 2014.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.