KARACHI: The President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has said that FPCCI’s Pakistan-UK Business Council (PUKBC) has made it possible for Pakistani exporters to access 15,000 Scottish businesses through a landmark trade promotion & facilitation agreement with Scottish Chambers of Commerce.
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Speaking at the annual meet of PUKBC, the FPCCI President said that the current volume of Pak-UK trade stands at £3.5 billion while the true potential in the near-term of less than three years lies around £6 billion, adding that the export potential is £4 billion from the current £2.1 billion. He apprised that FY22 has seen a growth of 28.3 percent in Pakistan’s bilateral trade with the UK.
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Speaking on this occasion, Chairman of Pakistan Software House Association (P@SHA) Zohaib Khan said the true strategic potential of one of the world’s major export markets for services; specifically, IT & IT-enabled services is UK, which is one of the top importing destinations of IT services in varied verticals.
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Dr. Shehzad Amin of Pakistan UK Business Council also briefed businesses on the Pakistan House Concept being explored through the Consulate of Pakistan in Manchester. This will enable Pakistani products and services to showcase their brands in the Manchester region of the United Kingdom. Ghufran Abbas, Trade Manager at British High Commission, spoke about opportunities for Pakistani businesses to collaborate with UK businesses; especially, in the education and healthcare sectors.
