Department for International Development
UK pledges support for Pakistan’s growth
New support from the UK will give a boost to small and growing businesses in Pakistan.
Britain will drive economic growth and investment in Pakistan by helping to create jobs, increase tax collection and cut through red tape to make it easier for small and growing enterprises to do business, International Development Secretary Justine Greening announced yesterday.
The announcement came during a two-day visit to the UK by Pakistan’s Prime Minister Nawaz Sharif, including a meeting with Prime Minister David Cameron.
New commitments from the UK include:
- support for over 200,000 small and growing businesses to help create more than 400,000 jobs, half of them for women and young people, and provide a boost to the economy of some £400 million-worth of new manufacturing and services;
- technical support and training to help banks work with small businesses to manage investment more effectively, and to help government reduce red tape and make it easier for small and growing enterprises to do business;
- the DFID-funded HMRC Developing Countries Tax and Customs Capacity Building Unit to provide expert advice to help Pakistan build its own capacity and implement reforms needed to increase tax take from 9% to 15% of GDP by 2018;
- as well as expert support to help Pakistan’s Federal Board of Revenues design and implement a country-wide tax awareness campaign.
International Development Secretary Justine Greening said:
Making it easier for small and growing businesses to get ahead and helping to create jobs will mean hundreds of thousands of people across Pakistan can improve their own prospects, support their families and send their children to school.
Providing British experts to support a tax campaign and to build the Pakistan Government’s own expertise will mean Pakistan can increase its own tax base. That reduces the need for international aid funding and helps to lay the foundations for a more stable and self-sufficient Pakistan.
The UK will also support a new approach to delivering health reform in Punjab, with technical assistance and funding through existing health programmes. This will include increasing immunisation coverage across the province, improving care for new born and maternal health and improving basic health units across the province.
In addition, the UK will continue to support work to provide vocational skills, jointly funding a programme providing skills training for 135,000 poor people, 40% of them women, and promoting a competitive skills training market. Existing work is now being scaled-up to cover almost half of Punjab Province, with a focus on ten growth-oriented industrial sectors.
Notes to editors
- Initial funding for the new job creation and training programme is £76 million, with technical assistance and funding for health reform in Punjab coming from existing health programmes.
Latest News from
Department for International Development
Sweden joins UK ocean protection campaign19/02/2020 16:12:00
Minister Zac Goldsmith sets out ambition to make world's ocean more resilient to climate change through '30by30' global coalition.
UK statement to the WTO Committee on Trade and Development - 48th Session on Aid for Trade11/02/2020 16:22:00
The UK's Ambassador to the WTO and UN in Geneva, Julian Braithwaite, delivered a statement to the WTO Committee on Trade and Development during the 48th Session on Aid for Trade on 11 February 2020.
New UK aid to help stop the spread of coronavirus around the world10/02/2020 16:10:00
UK aid will help prevent the spread of the virus in developing countries, by supporting them to rapidly identify and care for patients with symptoms.
UK Minister for Middle East visits Turkey10/02/2020 14:10:00
Rt Hon Dr Andrew Murrison MP, Minister of State for the Middle East and North Africa, visited Ankara and Gaziantep, Turkey on February 5th and 6th 2020.
Dr Andrew Murrison co-chairs 15th meeting of UK-Kuwait Joint Steering Group04/02/2020 08:12:00
The fifteenth meeting of the biannual UK-Kuwait Joint Steering Group was held in Kuwait on 2 February 2020, co-chaired by the UK’s Minister for the Middle East, The Rt Hon Dr Andrew Murrison MP, and Kuwait’s Deputy Foreign Minister, His Excellency Khalid Al Jarallah.
Minister of State speech at UN Global Compact event22/01/2020 13:42:00
Minister of State for Africa Andrew Stephenson's speech at UN Global Compact event on 17 January 2020.
Over £50 million for clean energy projects across Africa22/01/2020 13:12:00
The UK has invested millions in clean technology across Africa, to support the continent's growing energy needs.
Alok Sharma's closing speech at UK-Africa Investment Summit21/01/2020 17:13:00
International Development Secretary's speech given yesterday at the closing session of the UK-Africa Investment Summit.