The United Kingdom’s Trade Envoy to Pakistan, Mohammad Yasin, has urged Islamabad to bolster its economic stability and investor confidence, emphasizing the need to capitalize on UK investment opportunities for Pakistan. During his official three-day visit, Yasin underscored that the UK remains an open and promising destination for foreign investment and invited Pakistani businesses to actively explore prospects in key UK sectors.

Speaking in an exclusive interview with The Express Tribune, Yasin noted clear improvements in Pakistan’s economic and political environment compared to two years ago. However, he stressed the importance of long-term policy consistency to sustain growth and attract meaningful foreign investment.

“Pakistan is doing better, and there’s visible seriousness but it’s a long road. These positive policies must continue,” said Yasin.

Bilateral Trade Can Grow Beyond £4.7 Billion

Currently, the UK-Pakistan trade volume stands at £4.7 billion, a figure Yasin described as “insufficient.” Under the UK’s 2035 growth strategy, there is no upper limit to this potential, and the UK seeks investments across eight strategic sectors, creating vast opportunities for Pakistani firms.

“The UK is a haven for businesses. Pakistani companies must step forward and benefit from our open-door investment policy,” Yasin emphasized.

Investment Needs Confidence and Stability

While the UK is keen to invest in Pakistan, Yasin highlighted the need for economic, political, and security stability within the country. He held meetings with multiple stakeholders, including key politicians and the Special Investment Facilitation Council (SIFC), to address UK investor concerns and boost bilateral cooperation.

“Security and confidence are critical. Where investors feel uncertain, they simply don’t invest,” he said.

Upcoming UK-Pakistan Ministerial Trade Dialogue

Yasin also announced an upcoming ministerial-level trade dialogue between the two countries, to be held in London. The discussions will aim to break down trade barriers, improve regulatory alignment, and encourage smoother cross-border investment.

“Our trade teams are finalizing the agenda. We want to address all challenges — including Pakistan’s concerns about non-tariff barriers,” he added.

Priority Sectors: IT, Agriculture, and Mining

Highlighting information technology and agriculture as high-potential sectors, Yasin said Pakistani businesses should increase their UK exports. He also revealed that a UK firm has secured a £53 million contract in Pakistan’s mineral sector, with McKinsey & Co. advising on the regulatory framework.

The UK is open to providing technical support for mineral extraction and supply chain development, especially for small and medium-sized enterprises (SMEs), to help them scale efficiently.

Young Entrepreneurs: A Key Asset

With 65% of Pakistan’s population under the age of 30, Yasin sees immense potential in youth-led entrepreneurship, especially among women. However, he cautioned that enthusiasm must be matched with sustained policy reforms and legal protections — such as intellectual property rights — to truly unlock economic transformation.

Confidence Among Pakistani Diaspora Investors

Yasin also reflected on the hesitation among UK-based Pakistani investors, noting that while many wish to contribute to Pakistan’s growth, they often lack confidence in the country’s economic stability and regulatory landscape.

“People want to invest in Pakistan — but they must feel that their money is safe. The government must assure that confidence,” he stressed.

Trading Scheme and Future Outlook

He reaffirmed the UK’s commitment to free trade, stating that the Developing Countries Trading Scheme the UK’s post-Brexit alternative to the EU’s GSP+ — will remain intact and benefit Pakistani exporters.

“We don’t believe in protectionism. We support global and regional supply chains,” said Yasin.

Conclusion

With the UK ready to deepen economic ties, the onus now lies on Pakistan to foster a secure and consistent environment for investors. The upcoming UK-Pakistan trade dialogue represents a critical opportunity to reshape bilateral trade, build trust, and fully leverage UK investment opportunities for Pakistan.