Islamabad: Pakistan and the United Kingdom Monday affirmed the resolve to further expand their cooperation in various fields and increase economic, cultural, and educational ties.
The understanding came during a meeting between Planning Minister Asad Umar and British High Commissioner Dr. Christian Turner in Islamabad.
The Minister highlighted the potential for British investors in new areas of economy such as telecommunication, information technology, as well as investment in agriculture, health, higher education, and skill development.
He said 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 International Monetary Fund (IMF)’s program Pakistan would overcome its recurring balance of payment problem.
He said the China-Pakistan Economic Corridor (CPEC) had entered into 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.