ISLAMABAD, Sep 17 (APP):Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with the UK’s Minister of State for Trade, Anas Sarwar, at the Department for Business and Trade in London. High Commissioner of Pakistan to the UK, Tipu Usman, and Advisor to the Finance Minister, Khurram Schehzad, were also present during the meeting, said a press release issued by the Ministry of Finance here on Thursday. …
Finance Minister meets UK Minister of State for Trade, discusses bilateral trade and cooperation
ISLAMABAD, Sep 17 (APP):Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with the UK’s Minister of State for Trade, Anas Sarwar, at the Department for Business and Trade in London.
High Commissioner of Pakistan to the UK, Tipu Usman, and Advisor to the Finance Minister, Khurram Schehzad, were also present during the meeting, said a press release issued by the Ministry of Finance here on Thursday.
Both ministers expressed resolve to achieve tangible results in the upcoming Pakistan-UK Trade Dialogue Mechanism, to commence in December this year.
Discussions were held on the current bilateral trade volume between Pakistan and the United Kingdom.
While expressing satisfaction over the current trade volume amounting to US$2.5 billion per annum between the two countries, the two ministers acknowledged that there was a huge bilateral potential to enhance mutual trade both in goods and services.
The two ministers also pledged to explore new avenues of business and trade in different sectors, including IT, fintech, manufacturing industries and production.
They emphasized the importance of further expanding cooperation in these areas to strengthen bilateral economic and commercial relations.
Senator Muhammad Aurangzeb stated that Pakistan’s economy has stabilised and is moving on a fast-track trajectory towards growth.
He stated that the Government of Pakistan has undertaken macroeconomic reforms which have yielded positive dividends, along with reforms aimed at curtailing losses and improving economic efficiency.
The Finance Minister highlighted that the Government was determined to carry forward the privatisation process in order to enhance private-sector participation and promote competition for improved service delivery.
