Pakistan, UK to strengthen trade relations


ISLAMABAD: Pakistan and United Kingdom (UK) on Thursday resolved to explore avenues for increasing the bilateral trade between the two countries which is presently 2.2 billion pounds to 3 billion pounds. A high level UK delegation led by Senior Minister for State at the Foreign and Common Wealth Office and Minister for Faith and Communities Baroness Sayeeda Warsi called on the Finance Minister Senator Mohammad Ishaq Dar at his office this afternoon. The businessmen and investors from the UK were also part of the delegation. Federal Minister for Water and Power Khawaja Mohammad Asif, Minister of State for Commerce and Privatization Engineer Khurram Dastagir and Secretaries of several Divisions were present on the occasion.

Baroness Sayeeda Warsi held intensive discussion with Finance Minister and his team to explore avenues to increase the bilateral trade between the two countries which is presently 2.2 billion pounds to 3 billion pounds. She termed the discussions very positive and expressed the hope that bilateral economic relations would move forward.

The Business delegation said that they were encouraged by the policies pursued by the government and were keen to invest in the energy sector, assist in human skill development, education and professional training.

Earlier Finance Minister Ishaq Dar briefed Sayeeda Warsi on the economic situation inherited by the government and measures taken by the government to address the macor-economic imbalances and stabilization of the economy.

The Finance Minister also appreciated the support extended by the UK in helping Pakistan obtain Generalized System of Preference (GSP) status from EU and IMF programme.
The Finance Minister also briefed Baroness Sayeeda Warsi on the initiatives taken by the government to increase power generation in the country.

The Finance Minister assured the visiting business delegation that the government would extend them all possible assistance and facilitation for establishing their business and guarantee their safety and return.

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