Pakistan’s chamber of commerce seeks better ties with post-EU UK

Brussels – The process of Brexit has revived the possibility of Britain restoring closer ties to its former colonial domains, of which one of the largest, Pakistan is seeking closer ties due to recently strained relations with the United States.

The Lahore Chamber of Commerce has emphasized what it sees as the necessity for Pakistan to vigorously pursue closer relations with the United Kingdom once the country leaves the European Union, citing the potential for dramatically increased trade and enhanced security ties, going so far as to advocate it being the future "cornerstone" of Pakistan's foreign policy.

The body's meeting on April 12 featured speeches from high-ranking businesspeople and current and former politicians who advocated the increased exchange of economic and business delegations between the two countries in order to create conditions for more active economic relations. Britain is currently the third largest export market for Pakistan and the sixteenth largest source of imports to the country.

Britons of Pakistani origin also account for one of the largest minorities in the United Kingdom, numbering around 1.2 million, who maintain strong bonds to their homeland. Significant political and cultural ties between Pakistan and Britain are longstanding, with the latter having been the colonial power in South Asia until the Partition of 1947 that created the Republics of Pakistan and India.

Ties between Pakistan and its main Western ally, the United States have become strained since Donald Trump assumed the presidency and cut off around US$2 billion worth of military and security assistance to the country, accusing it of not doing enough to combat extremism and the Taliban in Afghanistan.

"Monitoring Desk"

RELATED POSTS

17
Cairo hosts trade summit to celebrate 70 years of Pakistan-Egypt diplomatic ties
Saudi Delegation to visit Pakistan in October, investments on agenda
Pakistan steps forward in astronomy and space sciences
Scottish boat-like tidal turbine produces 3 GWh cheap electricity all year round
Openness of transport infrastructure, provision of utilities and mortgage financing a boom for construction
China supports Pakistan thru dev projects in multiple avenues: Yao Jing
PTI prioritizes completing CPEC projects : Murad Saeed
CPEC-BRI Cairo Dialogue opens avenues for cooperation with Middle East and Europe
Academia is to play an important role in CPEC
Chinese industrialists increase investment in Sindh under CPEC
Capital’s main roads remain unsafe for pedestrians
Government poised to hold bidding for 20 new exploration blocks
Market likely to gain on Saudi interest in CPEC
Pak-China partnership not against any country: FPCCI
China summons US ambassador over military sanctions

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us