A close relationship exists between Pakistan and the United Kingdom that it is beneficial to both our countries. There has been a healthy growth in bilateral UK/Pakistan trade. In 2004, our bilateral export trade grew by over 17% and UK exports to Pakistan were worth pounds 346 million.
The latest figures show that the UK is the 2nd largest overseas investor in Pakistan, the 4th largest trading partner among OECD countries - and the only one where the balance is in Pakistan's favour - and there are some 77 British companies operating in Pakistan. But there is also plenty of interest from others to enter the market.
Five UK trade missions visited Pakistan in the past year: Nottingham Chamber in September 2004, West Yorkshire in October, Birmingham Chamber of Commerce in February 2005. Two missions, from Glasgow and the Pakistan Britain Trade and Investment Forum were here for Expo Pakistan in February 2005.
I am grateful for all the support from the Government of Pakistan, Chambers of Commerce, business associations and trade bodies throughout Pakistan that have helped make these visitors from our Trade Missions welcome.
With best wishes