The existing US $1. 6 billion trade volume between Pakistan and United Kingdom has vast potential to grow further in the coming years. Robert W Gibson British Deputy High Commission to Pakistan said during a meeting with Syed Naveed Qamar Federal Minister for Privatisation, Water & Power here on Monday.
The envoy further said that Pakistan's macro economic policy was deeply impressive together with extra ordinary liberal investment and attractive privatisation opportunities, which needed to be exploited and Britain would continue to make efforts to further promote investment in Pakistan. There are a vast scope for British business and trade groups to benefit from the attractive investment opportunities in financial, healthcare, oil & gas, power and other sectors, Gibson added.
Syed Naveed Qamar informed the envoy that Pakistan has opened all the sectors for investment and trade without any discrimination among the local and foreign investors by providing level playing field, improving macro economic indicators through consistency and continuity of economic, investment and trade policies and also by making the tax system simple.
Pakistan provides attractive Privatisation and Investment Programme with remarkable incentives for the local and the foreign investors. The Privatisation Commission was interacting with the private sector of various countries to create awareness regarding the privatisation and investment opportunities available in Pakistan through Public Private Partnership (PPP), he said.
The Minister further stated that the government was endeavouring to bring back the economy on track and to bring in professional, efficient management from the private sector through the PPP for enhancing the production, making value addition to our national assets by making them profitable and creating more jobs through expansions in the Public Sector Entities (PSEs) through management outsourcing to enhance efficiency and promote corporate governance while upcoming equity linked instrument (Exchangeable Bonds) activity would put Pakistan on the map of Global Capital Markets, he added.-PR
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