Finance Minister Muhammad Aurangzeb has expressed the desire to work for more robust relations between Pakistan and United Kingdom (UK), state-owned Radio Pakistan reported.

According the report, the finance minister engaged with the British Parliamentary Undersecretary of State for Middle East, Pakistan and Afghanistan Hamish Falconer in Portugal.

Furthermore, the two sides dicussed “matters of mutual interest including investment opportunities in Pakistan in energy, minerals, and infrastructure sectors”.

During the meeting, Muhammad Aurangzeb also said that Pakistan and the United Kingdom have enjoyed close and cordial relations marked by mutual trust and engagement.

The role of people-to-people contacts through the Pakistani diaspora in fostering the bilateral relationship was also lauded in the meeting.

The UK has remained the top export destination of Pakistani products during the first five months of the current fiscal year. According to the State Bank of Pakistan (SBP), Pakistan exported products worth $935.018m to the country.

In 2024, Pakistan was the UK’s 51st largest trade partner, while the UK is Pakistan’s third biggest trade partner after China and the United States and the third-largest source of remittance inflows, trailing Saudi Arabia and the UAE.

Workers’ remittances totalled $3bn in January 2025, reflecting year-on-year growth of 25.2pc, the central bank announced in its press release. Inflows during January were mainly sourced from Saudi Arabia ($728.3m), the United Arab Emirates ($621.7m), the United Kingdom ($443.6m).

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Editorial

31 Jul, 2026

Expanding conflict

WITH neither of the belligerents willing to back down, and the theatre of conflict expanding geographically, the...
31 Jul, 2026

Spoils and spats

A FIGHT over assembly seats in Azad Jammu and Kashmir has laid bare what seem to be some deep resentments between ...
31 Jul, 2026

Unfair tax system

THE disclosure that the FBR collected nearly Rs1.9tr in sales and income taxes through electricity bills over the...
30 Jul, 2026

Debt that stays

THE power sector’s circular debt grew by Rs61bn in the last fiscal year, taking the total to roughly Rs1.67tr from...
30 Jul, 2026

HIV warning

THE HIV infections detected around two SESSI-run hospitals in Karachi demand far more than another hurried committee...
30 Jul, 2026

End trafficking

MODERN slavery, in the form of human trafficking, is among the state’s gravest failures. Scores of Pakistanis are...