ISLAMABAD. October 24,2022: Federal Minister, Ahsan Iqbal, has said that no country can be developed without local and foreign investment. It is our bad luck that Pakistan could not become an export-oriented economy in the last 75 years, and unable to earn foreign exchange to make the country an economic power. He said the private sector and the government must work together as a team and make “Made in Pakistan” a global brand.
Ahsin Iqbal expressed these views during his visit to the capital office of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) the other day.
FPCCI president , Irfan Iqbal Shaikh, speaking on the occasion said that in the current situation it is imperative to involve Chinese and other foreign companies with local firms to ensure the transfer of knowledge and technology in industrial and agricultural processing sectors. He said the role of the ministry of Planning is very important in this regard. The government should help the business community of Pakistan to go global and promote Pakistani brands in the international market, he noted. He further said that FPCCI is going to hold conferences on Pakistan as a Land of opportunities and international tourism conferences in the next few weeks to highlight business opportunities in various sectors including industrial, agricultural and tourism in Pakistan. He added that the time has come for the business community to adopt a market-driven approach to gain a foothold in the global market, but there is a need for the government to hold the hands of the business community to make things happen.
Speaking on the occasion, the Senior Vice President FPCCI Muhammad Suleman Chawla, Vice President Eng. M.A. Jabbar, Umar Masoodur Rehman, Former Vice President Khurram Saeed, Group Leader Rawalpindi Chamber of Commerce and Industry Sohail Altaf,,former President RCCI Asad Mashhaddi, EC Members FPCCI Liaquat Ali, Parvez Khattak, Chairman Pakistan Mining Association Farrukh Alvi and others said that Pakistan’s biggest problem is that we have not adopted long-term planning and industrial policies. They said that the prime minister of Pakistan should visit FPCCI to increase the relationship with the business community. The FPCCI shall also be taken on board for the improvement of Pakistan’s economy and positive results of economic policies and better results.
The president suggested that wind power should be given a priority, as the efficiency of solar power is 20% while the efficiency of wind power is 40%. He further said that attention should be paid to the mining sector,
federal minister Ahsan Iqbal while talking to the participants said that the economic future of the country, we have to work beyond politics, no one can able to improve economic situation alone.
He said that an emergency strategy is needed to curb the demand for dollars, new markets have to be found to increase exports, and Pakistan’s exporters have to promote the ‘Made in Pakistan” brand in the international market.
