Pakistan and UK Agree to Enhance Bilateral Ties and Investment

New York: Pakistan and the United Kingdom have committed to strengthening their bilateral relationship across multiple sectors, particularly in trade and investment, following discussions between Prime Minister Shehbaz Sharif of Pakistan and his British counterpart, Keir Starmer. The talks took place on the sidelines of the 79th session of the UN General Assembly.

According to Ministry of Information and Broadcasting, the meeting covered a variety of topics including Pakistan’s economic situation, with Prime Minister Shehbaz Sharif elaborating on his government’s measures for economic development. These measures include reforms in the Federal Board of Revenue and efforts to expand the tax base.

The discussion also touched on the severe impacts of climate change on Pakistan, a pressing issue that Prime Minister Sharif highlighted during the dialogue. Furthermore, Sharif discussed Pakistan’s role and sacrifices in the global fight against terrorism, emphasizing that terrorism remains a global challenge requiring collaborative efforts for its eradication.

Highlighting the investment scenario, Prime Minister Sharif pointed out that the United Kingdom ranks as the third largest investor in Pakistan. He showcased various investment opportunities and projects available in Pakistan, underscoring the potential for deeper economic ties.

Regarding the diaspora community, the role of expatriate Pakistanis residing in the United Kingdom was acknowledged as significant for the development of both countries. Prime Minister Sharif reaffirmed his commitment to enhancing people-to-people contacts and exchanges to further mutual interests and achieve shared goals.