ISLAMABAD: The British authorities’s credit score financing company UK Export Finance (UKEF) has elevated its financing restrict to £1.5 billion for UK companies seeking to export and put money into Pakistan.
This announcement will increase commerce partnerships between the 2 international locations and unleash Pakistan’s progress potential. The UKEF helps safe massive contracts by offering enticing financing phrases to consumers and supporting working capital loans.
British Excessive Commissioner to Pakistan Dr Christian Turner met with the Federal Minister of Commerce Abdul Razzak Dawood on Monday to debate bilateral commerce ties and enterprise potential. Mr Dawood welcomed the UKEF’s announcement of a rise of £500 million within the credit score restrict for enterprise funding in Pakistan, particularly at a time when the nation is seeking to develop its commerce potential to mitigate the impacts of Covid-19.
Dr Turner stated the UK credit score financing for Pakistan has tripled within the final two years and is essential to reaching his ambition of doubling bilateral commerce.
“It is a sign of our confidence in Pakistan and the strength of the unique relationship between the two countries. I encourage all Pakistani businesses to look for opportunities to partner with the UK on their journey towards economic prosperity,” he stated.
Revealed in Daybreak, September 15th, 2020