British firms to initiate many projects in Pakistan: BDHC

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KARACHI: British companies will initiate power generation by solid waste, 100 million gallons per day of potable water plant and many other projects in Karachi soon.
John Anthony Tucknott British Deputy High Commissioner (BDHC) at Karachi Chamber of Commerce and Industry (KCCI) on Wednesday underscoring the need to effectively deal with security threats assured full cooperation and support of the British government to restore peace, which was the only way forward for the progress and prosperity of Pakistan. 
Tucknott informed a UK based company would be undertaking a project relating to setting up a desalination plant in the next few months which would be capable of providing 100 million gallons of potable water per day. He said another project for power generation through solid waste would also be initiated in Karachi which would not only help in fulfilling the energy requirements but would also lead to useful disposal of a large quantity of garbage. These projects will provide employment to 4,000 workers during the construction phase.
Responding to a query, he said UK Trade and Investment (UKTI) in Pakistan helped companies in Britain to increase their competitiveness through overseas trade in Pakistan. 
It also offers professional, authoritative and personalised assistance to help companies in Pakistan locate and expand in the UK. The British Government, UKTI and other partners are working together to support new business start-ups and growth in Pakistan. 
UKTI has been providing all the advice, inspiration and practical help businesses need to turn into a working, profitable business, he added.
“We can assist Pakistan in building a secure and stable future”, he added.
He said many British companies were willing to do business in Pakistan and wanted to undertake joint ventures with their Pakistani counterparts despite various challenges, of which the most pressing issue was the security situation of the country.
Tucknott said UK was striving hard and looking for ways and means of how achieve the target of 3 billion pound bilateral trade by 2015, which was not an easy task keeping in view the slow pace of growth. 
In order to achieve the challenging target 3 billion pound, we should make sure bilateral trade between the two countries to grow by 33 percent every year, he added.
Referring to UK Prime Minster David Cameron’s visit to Pakistan and Prime Minister Nawaz Sharif’s visit to the United Kingdom, he said these visits have certainly paved way for further strengthening trade relations between the two countries however, lot more needed to be done. 
He identified energy, infrastructure, mining and security sectors as key areas for undertaking joint ventures, which would go in favour of both economies, as bilateral trade was a two-way street.

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