Business Advisory Council formed to drive trade reforms, boost key sectors
LONDON: The UK-Pakistan Trade Dialogue kicked off in London with both countries announcing a shared commitment to increase bilateral trade to €4.7 billion, marking a new phase in economic cooperation between the two nations.
During the inaugural session, both sides agreed to form a Business Advisory Council made up of leading business figures and senior government officials from Pakistan and the UK. The council will guide policy reform efforts to enhance market access, remove trade barriers, and expand opportunities in high-potential sectors.
Minister for Commerce Jam Kamal Khan underscored the strategic importance of the United Kingdom to Pakistan’s trade ambitions. “The UK is a very important economic partner of Pakistan,” he said. “By aligning our priorities, we can unlock new avenues for bilateral trade and investment-driven growth.”
The UK-Pakistan Trade Dialogue also focused on key sectors such as healthcare and digital technology, both of which align with the UK’s industrial priorities. These sectors are expected to drive innovation and job creation as part of the new trade roadmap.
UK Minister for Trade and Business Douglas Alexander called the dialogue “a vital step forward” in strengthening UK-Pakistan trade ties. “Promoting growth in strategic sectors will not only boost bilateral trade but also lead to significant employment generation,” he said.
According to the British High Commission, the Business Advisory Council will serve as a key platform for advising both governments on trade policy reforms, improving the ease of doing business, and crafting strategies to expand market access. The council’s recommendations will play a pivotal role in helping achieve the ambitious €4.7 billion trade target.
Both governments expressed optimism that the enhanced dialogue and collaborative policy environment will lay the foundation for a more resilient and inclusive UK-Pakistan economic partnership.
