Pakistan on track to sustainable growth, eager for future British investments: Asad Umar

March 2, 2020: British High Commissioner Dr. Christian Turner called upon the Federal Minister for Planning, Development & Special Initiatives Asad Umar here in Islamabad on Monday. Both sides affirmed the resolve to further expand the areas of cooperation and increase economic, cultural, and educational cooperation.

Federal Minister highlighted the potential for British investors in new areas of the economy such as telecommunication, information technology, as well as investment in agriculture, health, higher education, and skill development.

He said that the reform process is bearing fruit, as Pakistan’s economy is taking off, and inflation is likely to decrease further. He remarked that Pakistani is on the path to sustainable growth, and after the successful implementation of IMF’s program Pakistan would overcome its recurring balance of payment problem.

He said that CPEC has entered its second phase and its development would be led by the private sector. He asked the High Commission to urge the British investors to fully exploit this opportunity.

British High Commissioner Dr. Christian Turner said that the UK would explore the potential of investments in such areas as clean energy, combating climate change, health, education and tourism sector in Pakistan.

Federal Minister appreciated the current level of British engagements in Pakistan and affirmed the resolve to improve the bilateral business and investment relations to new heights.

Press Release