The UK Prime Minister's Trade Envoy to Pakistan Rehman Chishti MP led a delegation of six senior business representatives from the UK's financial, legal and professional services sector to discuss UK commercial participation in infrastructure projects in Pakistan.
Some of the UK's leading companies took part in the delegation which was led by the Prime Minister's Trade Envoy to Pakistan Rehman Chishti MP. They were joined by CDC Group Plc, the development finance institution, owned by the UK government, which is actively looking at investment opportunities in Pakistan. The visit to Standard Chartered was a part of a three-day visit, three city visit to Karachi, Lahore and Islamabad to meet with ministers, senior government officials and businesses.
The delegation in Karachi was hosted by Shazad Dada, Chief Executive Officer, Standard Chartered Pakistan at the Bank's Head office over lunch. The mission and the delegates discussed various forthcoming infrastructure projects, investment opportunities and how UK companies can play a greater role in the development of Pakistan's infrastructure.
Commenting on the visit, Shazad Dada, Chief Executive Officer, Standard Chartered Pakistan said that the Bank has a positive view on Pakistan's economy and believes the country offers huge investment opportunities and is open for business. There are tremendous infrastructure opportunities for UK businesses in Pakistan in the wake of the China Pakistan Economic Corridor (CPEC), once the economic zones are established. Pakistan is a key trading partner of UK and with the implementation of CPEC projects, the business communities of the two countries will potentially get even closer, he added. Rehman Chishti said that this is my second visit to Pakistan since being appointed as the UK Prime Minister's Trade Envoy to Pakistan. "I am delighted to bring with me a delegation of some of the United Kingdom's leading companies to support Pakistan in the development of the country's infrastructure", he added.
He said that the UK and Pakistan have a shared ambition to deepen our trading relationship and it is the UK government's firm desire to see more British companies doing business with, and in, Pakistan creating jobs and prosperity and playing an active role in Pakistan's economic development.
The UK is in a strong position to participate in projects owing to our world-class strengths ensuring projects deliver strong development outcomes, deliver shared prosperity objectives and better meet international standards "I thank Standard Chartered Bank for providing a forum to take this discussion further and gaining insight from key businesses that are already well established in the market", he said.-PR
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