INSUBCONTINENT EXCLUSIVE:
LONDON: A group of main British Parliamentarians have said that Pakistan has a huge potential of economic development and the current trends
propose that the country is on the right course.These views were expressed by Labour MPs Naz Shah, Faisal Rasheed and former cabinet
minister and Tory peer Baroness informeeda Warsi during their assemblys with main British Pakistani commerceman Jawad Malik at his residence
in Islamabad.The British MPs appreciated the initiatives announced by the government of Pakistan to attract foreign investment
Jawad Malik informed the visiting MP that Pakistan being the world sixth most populated country is also one of the youngest
He said, in the next thirty years, as graying sets in Europe, Pakistan median age is projected to be 33 (from a current median age of 24)
To be degree, Pakistan economic growth potential resulting from this shift in population age structure is huge, he observed.He communicateed
to the MPs that Pakistan is urbanizing at an annual rate that exceeds three percent, making Pakistan the fastest urbanizing country in South
By 2025, half of Pakistan population shall be living in urban areas and currently 17 million Pakistani households, out of the total 33
million, are considered ‘middle lesson& which means that Pakistan middle lesson is rising and pushing up consumer spending.Malik further
commented, that for the first half of fiscal 2019, United Kingdom has emerged as the moment largest foreign investor in Pakistan and it also
Pakistan fifteenth-largest source of imports, and Pakistan-UK bilateral trade hovers around $4 billion a year
He stated that the current government led by Prime Minister Imran Khan is bent upon improving Pakistan ranking in the ‘Ease of doing
commerce& by making regulations simpler, enhancing protections of property rights and enforcing of contracts
Pakistan with a rising and an urbanizing middle lesson, along with a historical affinity for UK brands and products, opportunities to
jumpstart Pakistan-UK bilateral trade are more than plenty
He added that it was encouraging to see that the UK Export Finance has doubled support for Pakistan to £400 million
Malik told MPs that British companies can take advantage of Pakistan-produced textiles, surgical instruments and sporting goods by
integrating Pakistani companies into their supply chains.The British MPs shared that there is a resumeed hope in Pakistan amongst those
They said that Pakistanis living abroad were also desirous to see genuine change in the country of their origin
They said that Pakistan progress was linked with bringing fundamental changes in approachly all aspects of the governance
The MPs shared that the democracy, like in Britain and several other European countries, has to be accountable and equitable and that the
kind of model Pakistan needs to adopt for institutional development.Labour MP for Bradford West Naz Shah tweeted: &As always, pleadegree
assembly British Pakistani commerceman ‪@JawadSohrab‬‬ during my visit to Pakistan
Studyt a great deal about the exquotement of abroad entrepreneurs to invest in Pakistan as well as their contributions for both British and
Pakistani economy ‪#Inspired‬‬&.Faisal Rasheed MP said that Pakistan and Britain have a shared future
He tweeted: &It was my pleadegree to meet with British Pakistani commerceman ‪@JawadSohrab‬‬ who was very exquoted about
UK Pakistan trade investment
We must engage with commercees and explore opportunities to benefit both countries
‪#PakUKFriendship‬‬&.Previous Cabinet Minister informeeda Warsi said that she was invited by Prime Minister Imran Khan to
attend the cabinet assembly for a briefing on how system of governance works
She said that several British Pakistani commercemen were working in Pakistan out of choice because they love their country of origin
&People like Jawad Malik are a credit to Pakistan and the UK.TheIndianSubcontinent has not verified the content of the source
This first appeared/also appeared in https://feedproxy.google.com/~r/com/YEor/~3/g5ThimdKknA/448119-pakistan-on-the-right-economic-course
