Pakistan is the place to do business
THE potential for Scottish companies doing business in Pakistan was highlighted at a conference in Glasgow, where delegates were told the country is ripe for development by firms in the oil and gas, renewable energy and food and drink sectors.
The conference was told that there was huge potential for Scottish firms in Pakistan. Staged by the export body Scottish Development International, the conference focused on UK Government targets growing the value of bilateral trade with Pakistan by 7% to £2.5 billion by 2015.
Pakistan’s burgeoning population – expected to grow from 190 million to 250 million by 2050 – rich natural resources and strategic geographical location between India and China means the opportunity it presents is too big to ignore, the conference was told.
Delegates were urged to separate myth from reality regarding security and corruption in Pakistan, and focus on the shared culture between Pakistan and the UK which gives Scottish companies an advantage.
Next to Urdu, English is one of the country’s well-understood languages and is regarded as the “language of business”, while many of Pakistan’s professional classes are trained and educated in Britain.