The Counsellor and Group Head on Economic and Trade at the British High Commission in Pakistan, Mahesh Mishra, observed that Pakistan’s universally third-largest trading partner is known to be the United Kingdom, and that it is really keen to raise its two-way trade to £7 billion in the next few years for the achievement of wellbeing for both parties.
Having discussion with businesspeople during his tour to the Islamabad Chamber of Commerce and Industry (ICCI), Mishra stated that the UK was specifically being aligned to support Islamabad in the development of its economy as some investors from Britain were willing to do research on the South Asian country for joint ventures and investment.
The UK is the third largest investor in Pakistan. According to him, 1.6 million Pakistanis work in the UK, and their contributions provide the country’s economy with $4.5 billion in contributions every year.
For the affordability of Pakistan with the same standard of availability for the market (preferential tariffs) for exports to the UK as was attainable under the European Union’s GSP Plus program, Pakistan had been involved in the Enhanced Framework.
He stressed the UK’s support for the advancement of Pakistan for the programmes of economic transformation with the support of the World Bank Group and the Asian Development Bank.
Mishra said that he would love to be a part of Pakistan’s private sector to advance two-way commerce relations.
