British corporations eager to do enterprise in Pakistan regardless of challenges: Excessive Commissioner

DSC02406British Deputy Excessive Commissioner, John Anthony Tucknott

John Anthony Tucknott, British Deputy Excessive Commissioner has stated that many British corporations are prepared to do enterprise in Pakistan and wish to undertake joint ventures with their Pakistani counterparts regardless of varied challenges, of which probably the most urgent concern is the safety scenario of the nation.

Talking at a gathering throughout his go to to Karachi Chamber, British Deputy Excessive Commissioner, whereas underscoring the necessity to successfully take care of these safety threats, assured full cooperation and assist of the British authorities to revive peace which is the one approach ahead for the progress and prosperity of Pakistan. “We will help Pakistan in constructing a safe and steady future”, he added.

Chairman Businessmen Group and Former President KCCI Siraj Kassam Teli, Vice Chairman BMG Anjum Nisar, President KCCI Abdullah Zaki, Senior Vice President KCCI Muffasar A. Malik, Vice President KCCI Muhammad Idrees, Chairman Diplomatic Affairs Sub-Committee KCCI Abdul Jabbar Dalal, Former Presidents KCCI A. Q. Khalil and Majyd Aziz had been additionally current on the event.

British Deputy Excessive Commissioner, John Anthony Tucknott stated that UK was striving laborious and in search of methods and technique of how obtain the goal of £three billion bilateral commerce by 2015, which was not a straightforward process preserving in view the sluggish tempo of development. “With the intention to obtain the difficult goal £three billion, we should guarantee that bilateral commerce between the 2 international locations grows by 33 p.c yearly”, he added.

Referring to UK Prime Minster David Cameron’s go to to Pakistan and Prime Minister Nawaz Sharif’s visits to the UK, he stated that these visits have actually paved approach for additional strengthening commerce relations between the 2 international locations nevertheless, lot extra must be executed.

On this regard, he recognized Power, Infrastructure, Mining, and Safety sectors as key areas for enterprise joint ventures which is able to go in favour of each economies as bilateral commerce is a two-way avenue.

John Tucknott knowledgeable {that a} UK primarily based firm shall be enterprise a mission regarding organising a Desalination plant within the subsequent few months which shall be able to offering 100 million gallons of potable water per day.

He stated that one other mission for energy technology via strong waste may also be initiated in Karachi which is not going to solely assist in fulfilling the vitality necessities however may also result in helpful disposal of a giant amount of rubbish. These initiatives will present employment to 4,000 employees in the course of the building part.

Responding to a question, British Deputy Excessive Commissioner stated that UK Commerce and Funding (UKTI) in Pakistan helps corporations in Britain improve their competitiveness via abroad commerce in Pakistan. It additionally affords skilled, authoritative and personalised help to assist corporations in Pakistan find and develop within the UK.

The British Authorities, UKTI and different companions are working collectively to assist new enterprise start-ups and development in Pakistan. UKTI has been offering all the recommendation, inspiration and sensible assist companies want to show right into a working, worthwhile enterprise, he added.

Talking on the event, Chairman of Businessmen Group and Former President KCCI, Siraj Kassam Teli stated that Pakistan and United Kingdom have been having fun with items relations as quite a few UK primarily based corporations are efficiently working their companies in Pakistan since many many years and UK is second residence to quite a few Pakistanis.

Siraj Teli was of the view that though commerce quantity between the 2 international locations has been step by step bettering however it was nonetheless not reflecting the true potential. Efforts should be made by each side to considerably enhance the prevailing commerce quantity with a view to successfully obtain the goal of £three billion by 2015.

Referring to KCCI’s My Karachi – Oasis of Concord Exhibition, BMG Chairman talked about that since its inception, My Karachi exhibition has been receiving in depth assist from all of the British Deputy Excessive Commissioners every now and then. He hoped that the present Deputy Excessive Commissioner may also lengthen comparable assist to this exhibition scheduled to be staged at Karachi Expo Centre from June 20th to June 22nd, 2014.

Siraj Kassam Teli, whereas deeply criticizing the damaging function performed by some biased media, recalled that your entire Karachi metropolis was being portrayed as an especially insecure metropolis notably by the western media so KCCI determined to stage My Karachi exhibition in 2004 to advertise the constructive picture of Karachi. This exhibition is frequently being staged and has succeeded in attaining nationwide and worldwide recognition.

He requested British Deputy Excessive Commissioner to assist KCCI in clarifying these misconceptions about Karachi metropolis and different areas of Pakistan which supply profitable enterprise alternatives to UK buyers. Earlier, President KCCI, Abdullah Zaki, whereas welcoming the British Deputy Excessive Commissioner, stated that Pakistan and Britain have been having fun with historic, pleasant and enterprise relations for final many many years.

Round 200 British corporations have invested in Pakistan and the amount of commerce with Pakistan has inched larger. He famous that in FY13, exports quantity of Pakistan to UK was $1.37 billion as in opposition to $1.30 billion in FY12 whereas Pakistan’s import from UK was recorded at $0.82 billion in FY13 as in opposition to $ .69Bn in FY12.

He was of the view that there’s a have to develop a platform to share and develop information and encourage change of commerce and enterprise associated data in addition to actively facilitating B2B linkages. He additionally appreciated the honest efforts of British Authorities in supporting Pakistan to grow to be self-sufficient in each sector of human improvement.

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