Islamabad: Mr. Francis Campbell, British Deputy High Commissioner and Director UK Trade and Investment called on Chaudhary Pervaiz Elahi, Senior Federal Minister for Industries and Defence Production and discussed the ways and means to boost bilateral trade and augment investment in different sectors in Pakistan.
Discussing the potential to enhance mutual trade, Senior Minister said that there is a need to enhance cooperation between the two countries to capitalize on the enormous business opportunities and tap the unexplored investment possibilities.
The Minister said that Pakistan is an emerging market and a developing country with a very vibrant middle class which is a suitable ingredient for foreign investment. He urged on the British investors to invest in Pakistan as Pakistan provides one of the best investment prospects in the region. He assured that Pakistan will provide every possible facility to the British investors.
Talking about enhancing the Government revenue Pervaiz Elahi said that the Government is taking measures to bring undocumented businesses in the tax net so that illicit trading may be discouraged.
The Minister also praised the services provided by the Department for International Development UK in the field of education. Relating his endeavours in the field of education, the minister said that he made education the pivot of his reforms and focused mainly on the primary education.
He said that he reformed 64000 primary schools in Punjab and through his policies reduced the dropout rate. This resulted in bringing 2.5 million drop-outs back to school and a rise in the literacy rate from 42% to 62% which was a great achievement.
Mr. Francis Campbell pressed upon the need to enhance trade relations and is the key commitment of the British Government. He said that the increase of trade between the two countries by 15% last year is a healthy sign and augurs well for the future prospects. He said that the British trade minister wants to enhance mutual trade to $ 2.5 billion by 2015.
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