Pakistani-origin British investors were willing to do business with Pakistan that has shown fast economic progress in various sectors, and the country could also gain potential $1 billion investment through them.
Michael Brosch, Director International Trade Nottinghamshire Chamber of Commerce and Industry, expressed these views during a press conference here on Thursday.
He said that Pakistan could prove a great prospect for the UK investors.
"The British investors were ready to invest in countries that were operating on free market system, and in Pakistan, liberalisation policy has taken roots," he added.
According to him, UK and Pakistan would gain mutual benefits if the two countries do businesses. For the Pakistani businessmen, UK could prove a gateway to the European Union markets where they would attain premium price of their products, while the British businessmen, especially the Pakistani-origin, could get their products manufactured in the country at cheaper rate and re-export to the international market.
Brosch said that business between Pakistan and UK was fast growing, and there was a huge potential for the British businessmen to invest in Pakistan, especially in the gas and footwear sectors.
"During our tour, the delegation noted seriousness in Pakistan business community and they have shown eagerness to do business with us. Business environment in the country was very positive and encouraging for our businessmen," he added.
To a question, Michael Brosch said that the visit to Pakistan was a testament to seriousness of the UK businessmen doing business with the local businessmen and the tour had no political connotation.
He dispelled the impression that after the 9/11, the British government was creating obstacles for businessmen of the two countries to do trade and added that they were independent to do business wherever they find profit margin and no government interference was involved.
He advocated for special relationship status between Pakistan and UK, since the two countries were in constant touch through the Pakistan community residing in the UK.
UK businessmen, Inam Shah, Gerry and B Khan, said on the occasion that British-Pakistanis wanted to invest in Pakistan, as it's a growing economy and has huge potential.
They averred that UK markets have saturated and its small and medium investors were turning to other markets for better opportunities.
"The tour has been very educating and we were taking positive image of the country back to the UK to encourage others to explore investment opportunities in the country," they added.
Jawad M. Bukhari, Trade and Investment Officer British Deputy High Commission, Karachi, said that the delegation was part of a series of visits of British businessman.
"Another delegation of Mid Yorkshire Chamber of Commerce and Industry is expected in Pakistan on October 4, while a delegation of Birmingham Chamber of Commerce and Industry would visit the country in February. Moreover in March, a delegation associated with the information technology sector would also tour the country," he added.
Comments
Comments are closed.