Pakistan

Govt to welcome British investment in CPEC: FM Qureshi

Govt to welcome British investment in CPEC: FM Qureshi

ISLAMABAD – Foreign Minister Shah Mahmood Qureshi on Thursday said that the government would welcome British investment in China-Pakistan Economic Corridor (CPEC) project.

Addressing a forum on CPEC in Islamabad on Thursday, he said that matters pertaining to CPEC had been discussed in his meeting with his British counterpart.

The foreign minister said that the CPEC is flagship project of the Belt and Road project, adding that the Chinese projects are of commercial and public nature.

Qureshi went on to say that the think tanks of both China and Pakistan are working together through CPEC.

Earlier, Pakistan and the United Kingdom had reaffirmed commitment to take bilateral relationship forward and work for shared prosperity. The commitment was made at fourth review of Pakistan-UK Enhanced Strategic Dialogue in London.

Foreign Minister Shah Mahmood Qureshi led the Pakistani side while the British delegation was headed by their Foreign Secretary Jeremy Hunt.

The two sides agreed to continue building upon the cooperation within the framework of Enhanced Strategic Dialogue to take this partnership forward.

They agreed to work together to facilitate business to business contacts, explore niche areas for investment, improve the business climate and raise awareness about market opportunities in Pakistan.

The British Foreign Secretary announced the UK Department for International Trade s decision to double the available support for exports to Pakistan from up to 400 million pounds to one billion pounds as part of the growing cooperation in economic terms between the two countries.

The two leaders also reaffirmed their continuing cooperation in security and counter terrorism measures in accordance with the National Action Plan.