UK intends to invest 2.5 billion pounds by 2015

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UK intends to invest 2.5 billion pounds by 2015

KARACHI: The United Kingdom (UK) government is keen to promote bilateral trade with Pakistan to the tune of 2.5 billion pounds by 2015.
The British Deputy High Commissioner, Francis Campbell at Karachi Chamber of Commerce and Industry (KCCI) said that UK High Commission and KCCI could work together to attract trade and investment.
He said a large delegation from Birmingham was due soon to talk about trade and investment with Pakistani business community.
Pakistan has tremendous resources, well-educated human capital and has enormous potential to progress despite facing myriad problems, he added.
UK intends to spend $ 1 billion to assist Pakistan to promote education and there were presently over 100 British companies operating in Pakistan and their success stories were encouraging other Britain companies to invest in Pakistan.
He said misperception about Pakistan was a hurdle but the reality was that those who have experienced doing business here know that Pakistan was a different country from how it was perceived.
Business Men Group chairman Siraj Kassam Teli said Karachi was the economic and industrial hub of the country and restoration of peace in the city was vital for economic growth.
He said British investment in Pakistan was playing significant role in its economic development. He called for more employment generation and hoped that with the passage of time more such investment would be forthcoming.
KCCI president Muhammad Saeed Shafiq hoped trade between the two countries would grow for the social economic development of Pakistan.
KCCI believes developed countries should reciprocate the contribution of Pakistan to address the economic challenges through shifting its support from conventional aid to market access, investment, technology transfer, education and training, scientific research and infrastructure development, Shafiq added.

Daily Times - Leading News Resource of Pakistan

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UK team hails investment policies

The UK is the second largest foreign investor in Pakistan and over all bilateral trade is more than £1.5 billion. - File photo

ISLAMABAD: The visiting British entrepreneurs have shown their readiness to make investment to harness the rich mineral resources available in Pakistan.

Talking to BoI chairman Saleem Mandviwala here on Friday Tim Holmes, the leader of the 9-member delegation said that the British entrepreneurs were encouraged by the investment-friendly policies of Pakistan and the availability of rich mineral resources in different parts of the country.

The British investors would specifically focus on the exploration of coal, iron ore, copper and other minerals which still remain unexploited, said Mr Holmes.

The delegation visited Karachi, Lahore and Quetta, besides holding meetings with government officials in Islamabad.

British entrepreneurs are keen to bring investment here as they feel it a social responsibility to help Pakistan by playing a role in the economic development of the country.

The UK is the second largest foreign investor in Pakistan and over all bilateral trade is more than £1.5 billion and there is vast scope to increase it up to £2.5 billion by 2013.

During the delegation`s visit the BoIs of Punjab and Sindh, and the Overseas Investment Chamber of Commerce and Industry showcased investment opportunities in the infrastructure, energy, financial and mining sectors.
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[zubairismail]

You know what is the reason their invest ment.Thats very clear that the only invest because theywant to buy Pakistan and they want to rule on Pakistan.What the amount they are investing in Pakistan then they wll recieve double and tripple cost of it.

[KayShah]

Originally Posted by zubairismail

You know what is the reason their invest ment.Thats very clear that the only invest because theywant to buy Pakistan and they want to rule on Pakistan.What the amount they are investing in Pakistan then they wll recieve double and tripple cost of it.

Completely disagreed!..suggest us the other way?