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UKEF Increases Funding to £1.5bn for UK Companies Investing in Pakistan

UKEF Increases Funding to £1.5bn for UK Companies Investing in Pakistan

ISLAMABAD – UK government credit finance agency UK Export Finance (UKEF) has increased its funding limit to £1.5 billion for UK companies wishing to export and invest in Pakistan.
The announcement will boost business partnerships between the two countries and unlock Pakistan’s growth potential.
UKEF helps secure large contracts by offering attractive financing terms to buyers and supporting working capital loans.
British High Commissioner to Pakistan, Dr. Christian Turner, met with Pakistani Federal Trade Minister, Abdul Razzak Dawood, on Monday to discuss bilateral trade relations and trade potential.
Dawood welcomed the UKEF’s announcement of a £500million increase in the credit limit for business investment in Pakistan, especially at a time when the country seeks to expand its business potential for mitigating the effects of COVID-19.
Dr. Turner said UK credit funding for Pakistan had tripled in the past two years and was vital to achieving its ambition to double bilateral trade.
“It is a sign of our confidence in Pakistan and the strength of the unique relationship between the two countries. I encourage all Pakistani businesses to seek partnership opportunities with the UK on their way to economic prosperity,” he said.
(Sahar News Monitoring Desk)

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