Webinar on ‘Doing Business in Pakistan’
Pakistan is transitioning towards sustainable growth: Moazzam Ahmad Khan
Speakers say Pakistan offers huge trade and investment opportunities
As part of its economic outreach efforts, the Pakistan High Commission, London organized a webinar on ‘Doing Business in Pakistan’ in collaboration with Pakistan-Britain Business Council and British Expertise International on 09 June 2021. The webinar highlighted trade and investment opportunities for British and other international investors in Pakistan.
Pakistan High Commissioner to the UK, Moazzam Ahmad Khan delivered keynote address at the webinar.
Other business leaders, Government officials, and stakeholders who addressed at the webinar included Baroness Nosheena Mobarik CBE; Mr. Mike Nithavrianakis, Deputy High Commissioner & Trade Director of the UK in Pakistan; Mr. Campbell Keir, Senior Infrastructure Advisor, British Expertise International; Susana Córdoba, Head of International Trade, Greater Manchester Chambers of Commerce; Mr. Hassan Daud Butt, CEO KP Board of Investment & Trade; Dr Erfa CEO Punjab Board of Investment & Trade; and Muhammad Shafiq Shehzad, Minister Trade, Pakistan High Commission, London. Julian Hamilton Barns, Chairman Pakistan Britain Business Council moderated the event.
Speaking on the occasion, High Commissioner Moazzam Ahmad Khan said following a difficult period of stabilization, the country was transitioning towards sustainable growth. In this regard, he apprised the participants about Pakistan’s current account running into surplus, foreign exchange reserves doubled, remittances, exports and portfolio investments surging, and Stock Exchange being among the best performers in the world.
On Pakistan’s investment landscape, the High Commissioner spoke about One Window Facility for investors, liberal fiscal and monetary incentives, comprehensive ease of doing business reforms, and low tariffs on imports to promote industrialization.
The High Commissioner invited British investors to take advantage of green investment opportunities in Pakistan. Besides, he also highlighted opportunities in the country’s IT, engineering and energy sectors for UK businesses.
Deliberating on prospects of doing business in Pakistan, the speakers highlighted huge investment potential in infrastructure projects, especially green infrastructure where UK’s expertise can be optimally utilized. Besides, they termed Pakistan an emerging market with significant opportunities for UK companies in infrastructure development, specialist engineering, healthcare, education, tourism and hospitality, IT, textiles, food processing, logistics and other industries & sectors. They also appreciated Pakistan’s ease of doing business reforms.
The speakers urged the UK investors to put Pakistan on their investment radar and visit the country to explore profitable opportunities for themselves.
At the end, three panellists shared their success stories of entrepreneurship in Pakistan.