‘Pakistan, Britain need to develop better economic, social ties’

LAHORE: Pakistan and Britain have longstanding relationship spread over decades and some common traits, both the countries need to develop better economic and social ties.

British HC to Pakistan Adam Thomson at Punjab Board of Investment and Trade (PBIT) said Pakistan was suffering from image and perception problem, which was hindering foreign investment in this region. He said his visit to PBIT has been fruitful in terms of gaining more clarity towards investment opportunities and understanding overall economic climate of Punjab. He appreciated the positive attitude of PBIT’s leadership towards bringing investment in Punjab and catering to investor needs. Vice Chairman PBIT, Dr Miftah Ismail informed the guest Punjab presented a good investment proposition with expanding consumer base, improving domestic and foreign investment and growing trade intensity. Punjab Government’s liberal and investment friendly incentives pave way for large-scale investment projects whereas the margins of small and medium investment are also very high