British Centre-KCCI pact: Sindh governor, says enonomic ties to grow

Karachi

KARACHI: Governor Sindh Dr Ishratul Ebad Khan has said that the economic ties between Pakistan and Britain are increasing by every passing day and with the establishment of British Business Centre in Karachi the same would further increase manifold, and would also facilitate businessmen from both sides.

This he said while addressing at an MoU signing ceremony between British Business Centre and Karachi Chamber of Commerce and Industry (KCCI) here today at British Deputy High Commission. The British Deputy High Commissioner John A Tucknott, CEO British Business Centre Ms. Malahat Awan, Chairman Business Group Siraj Kassim Teli, President KCCI Younus Bashir were also present on the occasion.

Governor Sindh said that Karachi was the economic hub of the country and any economic activity in this megapolis is bound to have a very positive impact on national economy, a huge percentage of Revenue in the national exchanger also comes from Karachi, he observed.

Dr Ebad said that due to strenuous and devoted efforts of personnel of law enforcement agencies against terrorists, extortionists, target killers and kidnappers, peace has been ensured in Karachi and as such there was an ideal time for investment in the province in general and Karachi in particular. Investors from various countries are attaching top priority to invest in different sectors in Karachi, he added.

Governor Sindh said that this MoU between British Business Centre and KCCI, the biggest trade body of the country, would accelerate mutual business relations and it would also ensure help and assistance to British investors in setting up various businesses here. The economic cooperation between both countries is very much two way now, as many Pakistani businesses have been established in U.K also, and exports to Britain are increasing gradually, he opined.

Governor Sindh said that people of Pakistan are thankful to the Prime Minister Mr. David Cameron and British people for continuous support for promotion and sustainability of democracy in Pakistan. Many development projects are being initiated in the province with British cooperation and the help extended by British Government in the field of education is very commendable, he concluded.