UK to boostinvestment in Pakistan

Published April 19, 2008

KARACHI, April 18: British Deputy High Commissioner Robert Gibson has stressed on the importance of taking a strategic approach towards finding and utilising investment opportunities in Pakistan.

In a meeting with Overseas Investors Chamber of Commerce and Industry (OICCI) President Waqar Malik, he said that in future his office would encourage more companies from Britain to invest in Pakistan.

He also stressed that this would require efforts to maintain the favourable business climate.

There are about 40 UK-based OICCI member companies operating in Pakistan, representing various sectors including pharmaceuticals oil, gas and energy.

Mr Malik said that the overall business climate in Pakistan was positive for foreign investors. However, country’s current law and order situation required an improvement, he said, adding that consistency in government policies and the growing domestic economy were key contributors to making Pakistan an attractive investment destination.

Opinion

Editorial

System failure
Updated 12 Nov, 2024

System failure

Relevant institutions often treat right to internet connectivity with the same disdain as they do civil and political rights.
Narrowing the gap
12 Nov, 2024

Narrowing the gap

PERHAPS a pat on the back is in order for the ECP. Together with Nadra, it has made visible efforts to reduce...
Back on their feet
12 Nov, 2024

Back on their feet

A STIRRING comeback in the series has ended Pakistan’s 22-year wait for victory against world champions Australia....
Time to deliver
Updated 11 Nov, 2024

Time to deliver

Pakistan must display a serious commitment to climate change adaptation and mitigation at home.
Smaller government
11 Nov, 2024

Smaller government

THE IMF bailout programme has put the government under pressure to curtail its spending, especially current...
Unsafe inheritance
11 Nov, 2024

Unsafe inheritance

DESPITE regulations, the troubling practice of robbing women of their rightful inheritance — the culprits are ...