'Pak-UK trade ties should be strengthened by tapping new areas of investment'

KARACHI: Sheikh Sultan Rehman, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that trade relations between Pakistan and UK should be strengthened further by tapping new areas of investment.

Speaking at second meeting of Business Council via Zoom link, he shed light on the significance of bilateral trade between the two countries. He assured that FPCCI will extend full cooperation and facilitation to remove the barriers to boost bilateral trade relations between the two countries.

He proposed that Pakistan needs to negotiate new trade pact or agreement in this regard. Speaking on the occasion, Sheikh Muhammad Tariq, Chairman Pak-UK Business Council of FPCCI hinted the economic outcomes of UK which is badly hit by the coronavirus pandemic and said UK is one of the important trading partners of Pakistan which has played a pivotal role in socio-economic development of Pakistan.

He also mentioned that businessmen from different sectors will be invited for the Round Table Conference and anomalies will be discussed along with solution. He proposed a high profile delegation to visit UK which was unanimously endorsed by all the members and directors.

Sheikh Sultan Rehman, Vice President also endorsed the proposal with a suggestion that genuine and relevant businessman from different sectors of the economy should be the part of the delegation.

Furthermore, he also emphasized on preparing a proper plan of action before the visit of the delegation to UK. The participant also suggested joint ventures investment between two countries and to arrange post BREXIT trade arrangement with UK.

Copyright Business Recorder, 2020