Islamabad: Trade between Pakistan and the United Kingdom has reached a historic high for the first time, with the total volume touching £5.5 billion. Owing to the effective strategy of the Special Investment Facilitation Council, Pakistan appears to be entering a new phase of economic growth and renewed global confidence.
The United Kingdom has announced the revival of its development partnership with Pakistan, an announcement made during the visit of the British Minister for Development to the country. During the visit, both sides held detailed discussions on strengthening economic cooperation and expanding investment opportunities.
According to sources, Pakistan and the UK have agreed to resume development dialogue and enhance investment cooperation after a gap of eight years. The British minister stated that growing trade ties are contributing significantly to job creation and overall economic development in Pakistan.
During the visit, Prime Minister Shehbaz Sharif and the British minister jointly launched a comprehensive business reform package aimed at improving the business environment and boosting investor confidence.
It is noteworthy that a positive trend in foreign investment has continued during the current fiscal year. Official data shows that 731 foreign investors invested Rs 1.26 billion through 524 newly registered companies.
Companies from China, the United Kingdom, Germany, South Africa, Vietnam, the United States, and the United Arab Emirates registered in Pakistan during this period, with China leading foreign investment with a 71 percent share.
