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.

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