The UK-Pakistan Trade Dialogue officially commenced in London with a significant announcement: a commitment to boost the annual bilateral trade volume to €4.7 billion. This marks a new chapter in economic cooperation between the two nations.
During the opening ceremony, both parties agreed to establish a Business Advisory Council. This council will comprise prominent business leaders and senior government officials, tasked with providing strategic advice on policy reforms aimed at removing trade barriers and enhancing business opportunities.
Speaking at the event, Minister for Commerce Jam Kamal Khan stated, “The UK is a very important economic partner of Pakistan. By aligning our priorities, we can unlock the potential of bilateral trade and create new opportunities for growth.”
The dialogue also placed a strong emphasis on key sectors such as healthcare and digital technology, which are integral to the UK’s industrial strategy. These sectors are anticipated to play a critical role in driving innovation and job creation under the enhanced trade framework.
UK Minister for Trade and Business, Douglas Alexander, underscored the importance of the dialogue, noting, “Today’s event is a vital step forward in deepening the UK’s trade and investment ties with Pakistan. Promoting growth in strategic sectors will not only boost trade but also lead to significant employment generation.”
According to the British High Commission, the newly formed Business Advisory Council will support both governments by offering recommendations on trade policy modernization, ease of doing business, and market access strategies.
