Pak exports to UK stood at Pounds £ 1.27 billion

LONDON, Feb 26: During the year 2018 , Pakistan's exports to United Kingdom (UK) reached to Pounds (£) 1.27 billion showing an increase of around 2 percent compared to 2017, Pakistan High Commission sources said on Tuesday.

They said that due to proactive efforts of Pakistan High Commission, ,the British government had given a commitment and understanding that in the Post Brexit, Pakistan would continue to enjoy similar market access which it was currently enjoying under GSP Plus.

This development, the sources said would further boost Pakistan’s exports to the UK market.It may be mentioned that the UK is an important trading partner of Pakistan. It is the third largest destination of the Pakistani exports globally and the top destination within the European Union (EU)countries.

They added that the UK was also the main source of Foreign Direct Investment (FDI) in Pakistan.

The upward trajectory in the bilateral relations between Pakistan and the UK would further bolster their trade and economic relations, they added.

(APP)