KARACHI – British Deputy High Commissioner, Mike Nithariankis in Karachi, says there is vast trade and investment opportunities in Pakistan especially in this mega city which is an international economic centre, and UK mission is making every possible effort to further promote the economic cooperation between both countries including boost to trade and investment.
“My job is to bring more British people to see enormous trade and investment opportunities in Pakistan. Here is peace, security and better business environment,” he reaffirmed while addressing to an assembly of aspirants of qualifying Civil Superior Services (CSS).
He says that 150 popular British companies like Unilever and GSK pharmaceutical company are successfully operating in Pakistan since long; majority of these are in Karachi. However, he continued, there is big potential for foreign investment in various sectors of Pakistan mainly in agriculture, manufacturing and pharmaceuticals.
These could boost Pakistan’s exports. But, there is also need for improving the supply-chain, storage and processing facilities.
“There is big demand for Pakistan’s fruits and vegetables as well,” he mentioned. He said Pakistan needs to diversify its products and focus on new and non-traditional sectors, along with expansion and modernisation of the existing manufacturing facilities to compete and get good trade share in international market.
United Kingdom has also helped Pakistan in diversifying Pakistan’s export goods and job creation. It is a major trade partner of Pakistan. Besides fruits and vegetables, it is a big buyer of Pakistan’s textile products. He says that there is need to further strengthen economic cooperation between British and Pakistan.
Pakistanis are a vibrant nation; with 70 percent population under the age of 50 years. Around 1.6 million people of Pakistani origin are contributing in United Kingdom’s economy.
