The United Kingdom is interested to invest in mining and financial sector of Pakistan. It is the second largest foreign investor in Pakistan and over all bilateral trade between the two countries is more than 1.5 billion pounds. There is vast scope to increase it up to 2.5 billion pounds by 2013.
These remarks were made by the Acting British High Commissioner Peter Timber, while heading a nine-member British delegation that visited Board of Investment (BoI) here on Friday.
The members of the delegation while meeting the BOI Chairman Saleem H Mandwiwala said that special concentration would be put on exploration of coal, iron ore, copper and other minerals that were still unexplored in different parts of the country.
They pointed out that the British entrepreneurs are keen to bring investment to Pakistan as they feel a social responsibility to help Pakistan and also play a role in its economic development.
The delegation brief the BOI Chairman about the outcome of their meetings with government functionaries, businessmen and other stakeholders during their stay and visit to Karachi, Quetta and Lahore.
The BOI Chairman told the British delegation that primarily Punjab and Sindh Board of Investment and Trade, Overseas Investment Chambers of Commerce and Industry showcased investment opportunities in the infrastructure energy, financial and mining sectors to the visiting delegates in their respective regions.
He said that investment from UK will enhance and develop skilled employment opportunities in these sectors. He pointed out that this will help lay the groundwork for strong potential growth in the future.
The delegation consists of Tim Holmes, Nadim Khan, Toby Mannock, Rudolph De Bruin, Ian McDonald, Dr David Twist, Antony Dutton, Dr Davis Twist, Gareth O’Donovan, Nadeem Khan, Pidgeon, and Saira Ahmad.
