Pakistan |
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Last reviewed: 01 October 2009 |
Bilateral trade has grown steadily since 2000 and is now worth some £ 1013 million a year. The UK is the 4th largest trading partner among OECD countries- and the only one where the balance is in Pakistan's favour. The main sectors of opportunity for UK are specialised industrial machinery, power generation machinery, telecom & broadcasting equipment, chemicals, pharmaceutical and medical products and metalliferous ores and metal scrap. The UK is a key market for Pakistani exports, particularly textiles, rice, leather and leather products, carpets and fruit. The UK is the 2nd largest overseas investor in Pakistan with 16.7% market share (July 06-June 07). The UK exported 9% more to Pakistan in 2008 (£464m) over 2007 (£426m) while Pakistan exported 16.8% more to UK in 2008 (£596m) over 2007 (£515m).