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UK companies making most of strong ties with Pakistan
FCO Minister Baroness Warsi tells British and Pakistani business leaders that strong ties between the countries are helping trade flourish.
Today, Foreign Office Minister of State Baroness Warsi addressed more than 60 UK companies from a range of sectors, including retail and financial services, that had gathered in London for the inaugural UK-Pakistan Trade and Investment Conference. The event promoted new opportunities, allowing those attending to share knowledge and make connections with senior business representatives from Pakistan.
Baroness Warsi said:
We simply do not hear enough about the enormous opportunities that Pakistan offers. Pakistan is an investor-friendly and relatively open economy. Over 100 British businesses are already there and more should look at the opportunities. They should think of the Foreign Office and UK Trade and Investment as their support network on the ground through our dedicated trade offices in Karachi, Lahore and Islamabad.
Currently over £2 billion in goods and services is traded between the UK and Pakistan every year. The governments of both countries have committed to increasing this to £2.5billion by 2015, and are on track to meet that commitment.