KARACHI: The UK companies are visiting Karachi to attend the 7th Expo Pakistan 2012 Exhibition being held here.
An announcement of the British Deputy High Commission in Karachi said that around 30 companies from the United Kingdom, recruited by the Pakistan High Commission in London and the Pakistani Consulate in Manchester, arrived here on Thursday to attend the 7th Expo Pakistan being held at the Karachi Expo Centre.
It said that these companies belong to an assortment of the sectors ranging from textile, agriculture, information technology, sports goods, home-ware, food etc, who are interested in export opportunities with Pakistan.
The UK consultants from the service industry will also be attending the exhibition.
The delegation is being led by Consul/Commercial Secretary of the Pakistan High Commission in UK, Muhammad Haimd Ali.
The Expo Pakistan, which is the largest showcase of Pakistan’s export merchandize and service, has been attracting large number of foreign buyers each year. In 2011, up to 600 buyers from more than 52 countries participated in the event and the business worth dollars 518 million was generated during the exhibition.
Muhammad Hamid Ali said that UK is one of Pakistan’s most important markets and that the bilateral trade between the two countries is on a steady rise due to the focused efforts and commitment of both the governments to achieve the target of pounds 2.5 billion by the year 2015.
He said that the recent duty waiver from the European Union on 75 products from Pakistan will encourage the British businesses to buy from Pakistan and also hoped that the Expo Pakistan 2012 will provide a useful opportunity to avail this duty waiver.
The British Deputy High Commissioner in Karachi, Francis Campbell, said that Pakistan presents numerous and significant opportunities for investments aiming both at using Pakistan as an export base and at tapping into an emerging market with a rapidly growing middle class.
He said that the UK companies have the latest knowledge and technology in the areas of agriculture, healthcare and energy which are much needed in Pakistan to develop the country’s industrial base.
Francis Campbell further stated that events like Expo Pakistan facilitate this exchange of people, knowledge and ideas and are crucial in achieving our objective to increasing bilateral trade between UK and Pakistan.
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