ISLAMABAD: A delegation from the United Kingdom (UK) discussed ways to explore avenues for enhancing trade with Pakistan.
The delegation led by UK Trade Commissioner Oliver Christian met Minister for Commerce Jam Kamal in Islamabad on Monday, says a press reelase.
The meeting highlighted the need for sectoral collaboration and a business-to-business matchmaking approach to target growth areas in both countries.
Jam Kamal emphasized Pakistan’s immense potential in the food sector, particularly through value addition. “Pakistan currently can get more foreign exchange by focusing on value addition,” he noted.
The minister underscored the government’s commitment to expanding trade, particularly under the leadership of Prime Minister Shehbaz Sharif. He said the Prime Minister was dedicated to achieving an ambitious export growth plan, aiming to increase exports from $30 billion to $60 billion.
The minister also highlighted Pakistan’s success in organizing the FoodAg Expo in Karachi, where more than 800 foreign delegates participated. “This was the first event of its kind, with such a large international presence, and it opened doors to significant business opportunities,” he added.
Kamal cited Pakistan’s growing exports in other sectors, such as IT, mining, horticulture, and dairy, and discussed the potential for future exports, including olive products. “Pakistan is on its way to becoming a significant olive exporter, with vast cultivation underway,” he added.
The UK trade commissioner acknowledged Pakistan’s vast potential and extended full support for increasing the trade volume between the two nations. Both sides emphasized the importance of the “UK-Pakistan Trade Dialogue”, a platform to be established soon to promote trade and investment.
As the UK diversifies its import sources post-Brexit, the minister stressed Pakistan’s potential to become a key supplier of food products to the UK, given its compliance with international standards.
This discussion marked a significant step in strengthening trade ties, with both parties expressing optimism for the future of UK-Pakistan trade relations.
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