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Home Pakistan

FPCCI-UPTIB ink MoU for strengthening economic ties between business communities of Pakistan, UK

WNAM: by WNAM:
September 9, 2024
in Pakistan
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FPCCI-UPTIB ink MoU for strengthening economic ties between business communities of Pakistan, UK
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ISLAMABAD( WNAM REPORT):  Federation of Pakistan Chambers of Commerce & Industry (FPCCI) & UK-Pakistan Trade & Investment Board (UPTIB) signed a Memorandum of Understanding (MoU) for strengthening economic ties between the business communities of Pakistan and the United Kingdom. The agreement marks a significant step towards enhancing trade, investment and economic collaboration between the two countries.

The MoU was signed by the President FPCCI Mr. Atif Ikram Sheikh & CEO UPTIB Tajmul Hussain. The MOU was signed at a simple ceremony held at the FPCCI Capital Office, Islamabad. Mr. Tariq Mehmood Jadoon Vice President FPCCI, Malik Sohail Hussain Chairman Coordination FPCCI, Mian Shaukhat Masood Fromer Vice President FPCCI, Mr. Waqas Khan Sawati Deputy Convener FPCCI Standing Committee on fair and exhibition, Managing Director UPTIB Azhar Warraich, Head Partnerships & Corporate Linkages UPTIB Nauman Rasool are also present on this occasion.

Atif Ikram Sheikh President FPCCI stressed that the partnership was aimed at fostering cooperation, promoting business opportunities and facilitating trade in goods and services among members of both organizations. He expressed optimism about the partnership and called the MoU a significant milestone in efforts to enhance trade with the UK.

President FPCCI Mr. Atif Ikram Sheikh underscored the strong potential for future collaboration to intensify cooperation in economic, Trade & Investment and Business-to-Business contacts. He further said that FPCCI aims to strengthen economic ties between Pakistan and the UK, facilitating greater trade and investment flows that benefit both economies. By facilitating mutual economic cooperation, we are opening the doors to business communities for exploring new opportunities and strengthening existing ties. he aded

Mr. Tajammel Hussain CEO, UPTIB pointed out that Pakistan was among 65 countries benefiting from the UK duty-free imports under a new trade scheme. He revealed plans to attract potential investors to Pakistan with the objective of boosting economic growth and strengthening trade relations.

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