Pakistan and the United Kingdom signed a new trade dialogue agreement in London to strengthen economic cooperation. Commerce Minister Jam Kamal Khan represented Pakistan, while UK Minister Douglas Alexander signed for the British government. This marks the first high-level trade deal approved by Pakistan’s federal cabinet in recent years.
The agreement sets up a formal platform for regular trade discussions and collaboration. It aims to boost exports, remove trade barriers, and attract mutual investment. Both countries agreed to create joint working groups and conduct annual review meetings to monitor progress and set new goals.
Key sectors covered in the agreement include digital trade, renewable energy, agriculture, and pharmaceuticals. These sectors offer strong potential for job creation and sustainable growth. Pakistan highlighted its growing IT industry, agri-tech solutions, and pharmaceutical capacity as areas ready for export expansion.
The UK also committed to supporting Pakistan under its Developing Countries Trading Scheme (DCTS). This scheme provides tariff-free access to UK markets for many Pakistani products. It will help local exporters grow faster, especially small and medium-sized enterprises (SMEs).
Officials from both sides praised the agreement as a turning point. They said it would open doors for long-term cooperation, innovation, and inclusive development. The deal is expected to support economic stability, generate jobs, and deepen Pakistan-UK trade ties for years to come.