The United Kingdom is eager to invest in Pakistan, recognizing the nation’s potential to grow into a $2 trillion economy. Jane Marriott, the UK High Commissioner to Pakistan, shared this vision at the 8th Edition of the “Leaders In Islamabad Business Summit” (LIIBS).

Ms Marriott commended Pakistan’s youthful population and developmental strides, noting that the UK supports these efforts for the benefit of the global community. She highlighted the UK’s economic strength, being the largest provider of financial services worldwide, and its significant ranks in business and trade services. The UK, as the third largest global economy, views its relationship with Pakistan as essential, likening it to two sides of the same coin. The current trade volume stands at £4.4 billion, with an ambitious target to increase it to £10 billion and eventually £15 billion.

She also outlined the collaborative efforts between the two nations in sectors like health, education, and engineering. The UK is actively involved in major projects such as Reko Diq and is committed to aiding Pakistan in addressing climate change challenges through a $45 million program focused on clean energy and power sector reforms.

Ms Marriott stressed Pakistan’s potential, driven by its large youthful demographic, strategic location, and rich resources. The UK sees Pakistan as a hub for global trade and remains a steadfast partner in its economic journey. Business and private sector development are crucial for Pakistan’s progress, and the UK is keen to enhance its role as a trade and investment ally.

In a keynote dialogue titled ‘The Symphony of Ecosystems,’ industry leaders discussed the necessity of cross-industry collaboration, digital transformation, and innovation to foster a robust ecosystem in Pakistan. Ms Marriott expressed gratitude to Muhammad Azfar Ahsan, Founder and Chairman of Nutshell Group, for organizing the summit and uniting global leaders to support Pakistan’s advancement.