KARACHI: In a concerted effort to bolster Pakistan's export performance, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) convened a high-level consultative session at Federation House, Karachi. The meeting, spearheaded by FPCCI President Atif Ikram Sheikh, brought together key figures from both the government and private sector to strategize on enhancing export growth and economic stability.

The session was chaired by Jawad Paul, Federal Secretary for Commerce, and included participation from Saif Anjum, Secretary Industries and Production, senior officials from the Trade Development Authority of Pakistan (TDAP), and representatives from various trade bodies.

In his opening remarks, Atif Ikram Sheikh underscored the pivotal role of export enhancement in achieving economic stability. He commended the Ministry of Commerce for engaging with the private sector to address the practical challenges faced by exporters.

Sheikh highlighted the need for collaboration between policymakers and the business community to overcome obstacles such as high business costs, energy constraints, limited access to finance, market diversification, and compliance with international standards. He pointed to opportunities in value-added manufacturing, services exports, information technology, and agro-based industries as potential areas for growth.

Saquib Fayyaz Magoon, Senior Vice President of FPCCI, noted that the session saw comprehensive representation from major private sector stakeholders across textiles, fruits and vegetables, travel and tourism, and transport and logistics sectors.

The session concluded with remarks from Jawad Paul, who agreed on the need for competitive energy costs and supportive taxation measures. Saif Anjum announced the establishment of a vast export processing zone on the lands of Pakistan Steel Mills, encouraging trade and industry to seize the opportunities presented.

The discussions aimed at crafting strategies that would enhance foreign exchange reserves, create employment, and set Pakistan on a sustainable growth path.