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

ISLAMABAD: British High Commissioner Dr. Christian Turner called upon Federal Minister for Planning, Development & Special Initiatives Asad Umar on Monday and discussed bilateral trade ties.

Both the sides affirmed the resolve to further expand the areas of cooperation and increase economic, cultural, and educational cooperation.

The federal 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.

The minister said that the reform process is bearing fruit, as Pakistan’s economy is taking off, and inflation is likely to decrease further.

“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. CPEC has entered its second phase and its development will be led by the private sector,” said Mr Umar.

The planning minister futher 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.

The 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.