Pakistan and UK Join Hands to reach Economic Target

It was recently reported by different sources that Pakistan and UK are currently trying to form an alliance in order to achieve certain economic targets. This is why the current Prime Minister of Pakistan, Nawaz Sharif, is out on a tour to the European territory so that he can come up with a solution for the economic crises which has hit Pakistan recently.

The two parties are going to achieve bilateral trade and will achieve an investment target of almost 3 billion Pounds y the end of the year 2015. This target was set up after a meeting which took place in a recent trade and investment conference which took place in London.

This committee holds a total of four members according to the Chairman Board of Investment, Dr Miftah Ismail. These four include the likes of Dr Miftah Ismail himself, Chairman of Lucky Cement, Mohammad Ali Tabba; Joint Chief Executive M Computer Technologies, Nosheena Mobarika; and lastly, John Tucknott who is currently the British Deputy High Commissioner.

The BoI organised an investment conference in UK on April 30, 2014 and highlighted the following facts: over 100 UK based multinational companies’ are successfully operating in Pakistan with an FDI of US $2.7 billion over the last decade. The highest amount of FDI inflow from UK was US $860.1 million in 2006-2007. 

Short URL: https://www.newspakistan.pk/?p=43810

Posted by Ahmad Mehdi on May 9 2014. Filed under Business, Latest News, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.