Summary They stressed to enhance cooperation between the countries to capitalize on the enormous business.
ISLAMABAD (Web Desk) - British High Commissioner to Pakistan Adam Thomson and Federal Minister for Industries Ghulam Murtaza Jatoi on Tuesday, discussed issues related to investment in industrial sector and the revival of under-performing industrial units in the country.
British High Commissioner met with Federal Minister for industries and deliberated upon ways and means to boost bilateral trade and augment investment in different industrial sectors of
Discussing the potential to enhance mutual trade, Senior Minister said that there is a need to enhance cooperation between the two countries to capitalize on the enormous business opportunities and tap the unexplored investment possibilities.
The Minister said that Pakistan is an emerging market and a developing country with a very vibrant middle class which is a suitable ingredient for foreign investment. He urged on the British investor to invest in Pakistan as Pakistan provides one of the best investment prospects in the region. He assured that Pakistan will provide every possible facility to the British investors.
Jatoi said that he has accepted the challenge of revitalization of Pakistan Steel Mills and various plans are under discussion to put this loss-making entity on a profitable path. For this purpose, Pakistan is looking forward to and will appreciate workable and ingenious proposals from renowned international investors, he added.
Talking about the similarities between the two countries the minister said that the two countries share commonalities in law, history and entrepreneurial growth and the huge Pakistani diaspora living and working in England makes it greatly possible for the two countries to become strong business partners.
The High Commissioner said that British companies have workable plans for the rehabilitation of Pakistan Steel Mills. He was of the view that Pakistan is an attractive market for investors in the region and there is a need to positively project the image of the country to allay the misperceptions and fears of the investors.
He also talked about smuggling and counterfeiting of tobacco products and said that such illegal practices are not only harming the British companies but Pakistan government is also incurring huge losses due to loss of revenue. The federal minister assured the High Commissioner that he will take up the issue at appropriate forum.
