UK keen to invest in Pakistan: Gibson

Thursday, September 03, 2009

KARACHI: British Deputy High Commissioner, Robert W Gibson has said that British companies working in Pakistan were having continued interest to work as well as looking forward to expand their business in future. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Wednesday, he said that 100 British companies with an investment portfolio of 1.7 billion dollars are operational in Pakistan over the last many years.

He said that Pakistan, with a population of 170 million, is a market with huge potential and the UK is keen to invest further here. He said the Pakistan was the most business-friendly country in Asia, as lots of opportunities are here to attract the foreign investors.

The country is quite different from what it was painted by TV and other media. Karachi, Lahore and Islamabad are quite safe places, he added. British Deputy High Commissioner pointed out that two way trade has increased by 12 percent per annum whereas last year British investors have made huge investment in Pakistan.

(BRecorder)