Islamabad: United Kingdom Export Finance (UKEF) — the British government’s credit financing agency — has increased its financing limit to GBP 1.5 billion for businesses looking to import and invest in Pakistan, according to a news source published on September 15.
Reportedly, UKEF helps secure large contracts by offering easy financing terms to buyers, and providing working capital loans. As a result, this announcement is expected to enhance the trade partnership and ties between the two countries, and add to Pakistan’s growth potential.
Federal Minister of Commerce Abdul Razzak Dawood on Monday met with theBritish High Commissioner to Pakistan Dr Christian Turner. On the occasion, the two state officials discussed the trade relationships and business potential between their countries. Mr Dawood took the opportunity to especially welcome the aforementioned British credit financing agency’s announcement; particularly in the current post-COVID-19 period when the country is looking to expand its trade in order to mitigate the pandemic’s economic implications.
During the meeting, Dr Turner revealed that UK credit financing for Pakistan had tripled in the past two years, and that it was playing a key role in his government’s aim to double trade flow between the two nations.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
