Pakistan High Commissioner to the United Kingdom (UK) Moazzam Ahmed Khan has said that Pakistan was being seen as a top tourist and investment destination as the optimism about “its economic future grows”.
This was stated by High Commissioner Khan at a webinar organised by All Party Parliamentary Group (APPG) on Britain-Pakistan Trade and Tourism chaired by Afzal Khan Member Parliament (MP) the other day.
British parliamentarians, UK Government officials and corporate leaders termed Pakistan a key growth market for trade and tourism being the second largest economy in South Asia.
The speakers included Afzal Khan MP, Stephen Kinnock MP, Yasmin Qureshi MP, Khalid Mehmood MP, Alex Sobel MP, Maryam Rab from British Council and Alex McAwan from Virgin Atlantic. Virgin Atlantic is soon going to start its flights between UK and Pakistan.
In his address, the Pakistan High Commissioner gave an overview of Pakistan’s economy.
He informed that Pakistan recorded the current account surplus for the first time in many years, exports were growing in volume by 8 per cent, the stock market rebounded, and tax collection and foreign remittances increased despite the challenges posed by Covid-19 pandemic.
“This happened due to structural reforms introduced by the Government of Prime Minister Imran Khan during the last two years”, Moazzam Khan remarked.
He outlined the profitable opportunities Pakistan offered in trade and tourism for diaspora as well as foreign investors.
Khan termed the UK an important trading partner but noted that the investment and trade statistics suggested much more was needed to be done to realise the potential of the two countries.
Alex McAwan said Virgin Atlantic said he was looking forward to entering the Pakistan market which was an attractive route with its strong diaspora in the UK.
Khan and other participants welcomed the decision of Virgin Atlantic to start flights for Pakistan and wished them well.
The APPG on Britain-Pakistan Trade and Tourism is a cross-party parliamentary group that endeavours to enhance bilateral trade and promote tourism between Pakistan and the UK.