Businessmen claimed that Pakistan has the actual potential of £5 billion of UK exports, while Pakistan only exports £1.9 billion to the United Kingdom.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Irfan Iqbal Sheikh, asserted that “Pakistan has the potential to enhance its exports to the UK to £5 billion from the current £1.9 billion in FY 2022 within a period of five years.”
The FPCCI president explained that there are a number of factors are in Pakistan’s favour when looking at the UK. “There is a huge South Asian diaspora in the UK, competitively-priced products vis-à-vis UK, an existing upward trend in bilateral trade surplus, an upsurge in people-to-people, business-to-business and chamber-to-chamber linkages over the last many months.”
