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Pakistan Chambers of Commerce:

‘£5 billions worth of exports to UK annually within five years is a possibility’

According to president Irfan Iqbal Sheikh from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Pakistan has a potential to enhance its exports to the United Kingdom to £5 billion within five years, on the basis of favorable factors such as competitively-priced products, increase in demand for imports from Pakistan, and an uptrend in business to business linkages over last many months.

Sheikh stated that there was an upward trend in trade surplus between Pakistan and the UK, adding that demand or inquiries for imports from Pakistan in sectors such as information technology services, value-added textiles, leather products, sports goods, fruits, vegetables, gems, jewellery, and artefacts had increased in recent times, especially post-Covid-19.

Moazzam Ahmed Khan, Pakistani High Commissioner in UK, said visa facilitation for the business communities of the two sides held the key to better networking, trade visits and exhibitions. Both the governments should work together to ease the visa processing requirements and processing time, Khan urged. He was speaking at the occasion of a high-profile meeting with the FPCCI delegation at Pakistani High Commission in London.

Source: thenews.com.pk


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