Pakistan attractive place for investment: UK diplomat

18 Mar, 2016

"Pakistan is an emerging international market, it has a big economic potential and is the attractive place for investment," British Deputy High Commissioner in Karachi, John Tucknott said this while talking to media, here.
He said many British companies like Unilever, Standard Chartered Bank and pharmaceutical companies were successfully doing business in Pakistan and more were interested to invest mainly in energy, agriculture and building houses and factories.
He lauded the success of British Company, Crabtree and Evelyn's that has completed its 4th year of operations with three stores in Karachi and Lahore, and another three would be started soon.
British companies want to serve the people of Pakistan as it is a top market with over 60 million growing middle class, he said.
He said that Pakistan Stock Exchange was recognised as potential exchange. However, he did not comment on the reports about London Stock Exchange's interest in purchasing certain percentage of shares of Pakistan Stock Exchange (PSX).
To a query, he said British High Commission office in Karachi was working as normal and no operation was suspended.
He said both countries had very good relations and strong cooperation in different social and economic fields. Pakistanis were living in United Kingdom and playing role in the development of the country and more Pakistanis in UK needed.

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