Under this collaboration, TDAP will now have direct access to PSW data, enabling more informed, data-driven trade facilitation. Additionally, TDAP’s Pakistan Trade Portal and Exporters Directory (Export Gallery) will be integrated with PSW—making it easier for exporters to access opportunities and services through a single, seamless platform.

The partnership also reinforces TDAP’s commitment to women’s economic empowerment, enabling women entrepreneurs—especially from the Khadijah Women Entrepreneurship Programme — to expand into global markets through improved digital access and capacity building.

A collaborative move towards a more inclusive, efficient, and future-ready trade ecosystem.

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FPCCI Regional Chairman and Vice President Zaki Ejaz, while welcoming the visiting dignitary, praised Chief Minister Punjab Maryam Nawaz Sharif for her government’s business-friendly policies, saying that the province is making tangible strides toward economic stability and progress. He specifically lauded the initiatives aimed at expanding business activities and facilitating easy access to credit for young entrepreneurs and small businesses.

“We are hopeful that continued collaboration between the Punjab government and the business community will yield further positive and lasting results,” he said.

Zaki Ejaz also paid tribute to Zafar Masood’s recently authored book “Seat 1 C,“ describing it as far more than a literary work.

“It is a journey that reflects courage, hope, and an unbreakable spirit of resilience,” he remarked.

Addressing the gathering, Zafar Masood acknowledged the critical contribution of the business community to national development, noting that FPCCI, as the apex body of all trade associations in the country, plays a central role in shaping and strengthening the national economy. He further stressed that tax contributions from the business community directly enable the government to deliver relief and services to the common citizen.

The Bank of Punjab chief also gave a comprehensive briefing on the bank’s targeted loan schemes, covering support for small and medium enterprises, the agricultural sector, women entrepreneurs, and youth. He also talked in detail about his book “Seat 1 C.”

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According to an official statement, Chery Master Pakistan signalled the potential introduction of multiple new models in the local market following its participation at Auto China 2026.

The direction is supported by Chery’s global plan to introduce 13 new models over the next two years across gasoline, hybrid and electric powertrains, spanning SUV, sedan, urban mobility and pickup segments.

The company said that for Pakistan, these categories hold growing relevance as consumers increasingly seek fuel-efficient, practical and technology-driven vehicles amid rising fuel costs and changing mobility needs.

“Pakistan remains an important growth market for Chery’s advanced mobility technologies,” said Samir Malik, CEO of Chery Master Pakistan, adding that the company is focused on “evaluating products that match local driving conditions, consumer expectations and long-term mobility trends.”

Chery Master Pakistan sets a new industry benchmark with Tiggo 8 & Tiggo 9 PHEV CKD Line-Off in 5 days

At Auto China 2026, Chery showcased the QQ BEV, a compact electric vehicle offering a range of up to 410 kilometres. The company believes that the model is positioned as an affordable urban mobility solution, making it particularly relevant for congested cities such as Karachi, Lahore and Islamabad.

The Tiggo V concept, meanwhile, represents a versatile mobility platform combining SUV space, MPV practicality, and pickup-style utility. The company says that its multi-purpose character aligns closely with Pakistan’s strong preference for family-oriented vehicles that can also support lifestyle, business and utility requirements.

Meanwhile, the Tiggo 4 HEV further expands Chery’s hybrid portfolio into a more accessible segment, potentially opening new opportunities in Pakistan’s compact SUV market, it added.

“With hybrid technology gaining traction due to fuel economy benefits and limited charging infrastructure for full EVs, such products could play an important role in accelerating local NEV adoption,” read the statement.

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting at the Finance Division Tuesday with a delegation of the IAP to discuss matters relating to the insurance sector in the context of the Federal Budget 2026–27. The delegation was led by Shoaib Javed Hussain, Chairman IAP.

The Finance Minister welcomed the delegation and appreciated the constructive engagement of the insurance industry in contributing to the budget consultation process.

He emphasized the need for sustained dialogue with key sectors to ensure that policy measures remain aligned with economic priorities and contribute to long-term financial stability and growth.

The delegation presented a set of proposals focusing primarily on taxation and regulatory considerations with respect to the insurance sector. Participants discussed various aspects of the existing taxation framework, including the interaction between federal and provincial levies, and their implications for the sector.

The need for consistency, coherence, and predictability in the overall tax structure was highlighted in the context of facilitating sectoral development.

Discussions also covered the need to ensure clarity in the application of sector-specific laws governing insurance, particularly in relation to the broader taxation framework.

The delegation underscored the importance of ensuring that existing legal and regulatory principles remain appropriately aligned with evolving policy and accounting standards.

The delegation further proposed measures aimed at promoting savings and expanding insurance penetration, including the possible restoration of tax incentives for policyholders. Facilitating long-term savings instruments and encouraging wider participation, particularly among salaried individuals, were identified as key areas for consideration.

Participants also shared views on strengthening the role of the insurance sector in financial sector development, including through improved alignment of investment frameworks and long-term financial instruments. Continued interaction with regulators and policymakers on sector-specific issues was highlighted as essential.

The Finance Minister acknowledged the proposals presented by the delegation and noted that these would be carefully reviewed in the context of the upcoming budget. He reiterated the government’s commitment to advancing the development of the financial sector, while maintaining a balanced and sustainable approach to fiscal policy.

The meeting concluded with a shared understanding on the need for ongoing engagement between the Government and the insurance industry to facilitate informed policymaking and enhance the sector’s contribution to economic growth.

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He noted that Pakistan’s trade deficit exceeded USD4 billion in April 2026, marking one of the highest levels in recent years. This trend, he said, could put additional pressure on foreign exchange reserves and further weaken the rupee.

Rajput stated that although exports have shown some improvement, the sharp rise in imports has offset these gains and worsened the overall trade balance. He urged the government to introduce comprehensive and effective policies aimed at boosting exports while simultaneously reducing unnecessary imports.

He proposed higher duties on non-essential and luxury goods, along with an outright ban on certain avoidable imports, to prevent the outflow of valuable foreign exchange. “Such measures will not only reduce import pressure but also support the growth of local industry,” he said.

Highlighting challenges faced by the industrial sector, Rajput stressed that meaningful export growth is not possible without facilitating domestic industries. He pointed out that high energy costs, shortages of raw materials, and rising cost of doing business remain major obstacles for manufacturers.

The KATI president called for targeted incentives for export-oriented industries, improved access to new international markets, and greater focus on enhancing domestic production to reduce reliance on imports and stabilise the trade balance.

He further urged the government and relevant institutions to develop a coordinated strategy in consultation with industry stakeholders to address economic challenges and ensure sustainable economic growth.

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He in an urgent appeal to policymakers, emphasised that the only sustainable solution to stabilise the nation’s fragile external account and protect foreign exchange reserves shall be a comprehensive and fast-tracked strategy to aggressively incentivize the export sectors.

FPCCI Chief, analysing the latest figures released by the Pakistan Bureau of Statistics (PBS) on Tuesday, highlighted the severely disproportionate ratio between the country’s exports and imports. During the July to April period of FY26, Pakistan’s import bill climbed by nearly 7 percent, reaching a staggering USD57.19 billion. In a stark contrast, total export proceeds over the same ten-month time-frame contracted by 6.25 percent – falling to USD25.21 billion from USD26.89 billion in the corresponding period last year.

Sheikh explained that this immense gap means the country is importing more than double the value of what it exports, pushing the cumulative trade deficit up by 20.28 percent from USD26.59 billion a year ago.

FPCCI President stressed that the business community’s apprehensions are further magnified by the monthly data for April 2026, which recorded a 46-month high monthly trade deficit of USD4.07 billion. While April witnessed a 14.03 percent year-on-year recovery in monthly export receipts, reaching USD2.48 billion – but, this growth was entirely eclipsed by massive import payments.

However, Saquib Fayyaz Magoon, SVP FPCCI, maintained that the monthly imports surged by 7.46 percent year-on-year and a dramatic 28.41 percent month-on-month, clocking in at an overwhelming USD6.55 billion. FPCCI asserts that these figures unequivocally prove that temporary import compression tactics have failed – and, structural export weaknesses must be immediately addressed.

He stated that, while FPCCI acknowledged a marginal relief from the services sector – where the trade deficit narrowed by 6.7 percent to USD2.15 billion during July-March FY26, backed by a healthy 17 percent rise in services exports to USD7.35 billion – the apex body reiterated that merchandise exports remain the core engine of Pakistan’s economy. The traditional manufacturing and textile sectors simply cannot compete on the global stage while battling the region’s highest energy tariffs, a highly restrictive monetary policy and a continuously deteriorating ease of doing business, he added.

However, Abdul Mohamin Khan, VP & Regional Chairman Sindh, FPCCI, reiterated that, to avert a potential balance of payments crisis, FPCCI strongly advocates for an immediate pivot toward export-led economic growth. We have outlined a set of critical, data-driven interventions required from the government – primarily focusing on reducing the crippling cost of industrial production.

He pointed out that these interventions should include the urgent rationalization of electricity and gas tariffs for export-oriented industries to bring them at par with regional competitors, alongside a significant reduction in the policy rate to spur industrial borrowing and capacity expansion, he added.

FPCCI is also calling for the immediate disbursement of all pending export rebates, the introduction of targeted tax incentives for non-traditional export sectors such as IT, engineering goods and pharmaceuticals – and aggressive diplomatic efforts to secure zero-duty access or Free Trade Agreements (FTAs) with major global markets.

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The announcement was made by PIBF Karachi Chapter President Sohail Aziz during a launching ceremony held at Arts Council of Karachi, in the presence of members of the local business community and exhibitors. He revealed that the expo will take place from January 22 to 24, 2027, in Karachi.

Speaking at the event, Aziz said the expo’s journey, which began with a single hall at the Expo Centre, has grown significantly due to strong trust from traders and the public. By January 2026, the exhibition had expanded to cover the entire Expo Centre. He added that the decision to extend the event by an additional day was taken to facilitate visitors, exhibitors, and businesses.

He noted that previous editions of the expo have generated business deals worth millions, with a significant portion of transactions conducted in cash during the two-day event. According to estimates, deals at the January 2026 expo exceeded Rs1 billion, and the addition of a third day is expected to further boost commercial activity.

Aziz also highlighted the success of the Khadijat-ul-Kubra Business Hub introduced for women entrepreneurs at the last expo, calling it a highly effective initiative. He reiterated that PIBF’s core objective is to promote small and medium enterprises (SMEs) and “Made in Pakistan” products, emphasizing that the forum’s efforts are driven by national interest rather than individual gain.

He thanked traders and the public for their continued support and confidence, and said that the upcoming edition will feature new projects as well as valuable prizes for visitors.

On the occasion, a video message from PIBF Central President Dr Mushtaq Mangat was also presented. Business leaders including Shamim Jamilana and SITE Association President Abdul Rehman Fida expressed their commitment to supporting the expo, stating that PIBF is playing a vital role in strengthening the national economy.

Naveed Ali Baig, CEO of Alkhidmat Foundation, praised PIBF’s efforts and congratulated the organizers on successfully hosting previous expos. He also welcomed the announcement of taking business delegations abroad.

President of the Arts Council, Ahmed Shah, assured full cooperation with the business forum, while PIBF representatives expressed their gratitude to the Arts Council and its leadership for hosting the event.

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The delegation was received by Hamid Zahur, Chairman PTA-Central, Dr Danish Aman, Chairman PTA-South Zone, along with other members of the association.

During the meeting, Chairman PTA-Central Hamid Zahur highlighted the importance of enhancing bilateral trade between Pakistan and Uzbekistan. He emphasized the potential for Pakistani tanners to utilise Uzbekistan’s livestock resources while expanding access for Pakistani leather products including leather garments, footwear, handbags, and gloves—in the Uzbek market.

He further stated that Uzbekistan could serve as a gateway for Pakistan’s leather industry to access the markets of other Central Asian Republics as well as Russia. He stressed that the full potential of bilateral trade could be realized through continued interaction between stakeholders and exchange visits between the two countries.

Governor of Navoiy Region Normat Tursunov briefed the participants on the business-friendly opportunities available in the Navoiy Region and highlighted the availability of livestock resources that could support Pakistan’s leather sector.

Ambassador of Uzbekistan to Pakistan Alisher Tukhtaev informed the participants that currently six flights per week operate from Lahore and Islamabad to Tashkent. He also shared that efforts are underway to start two weekly flights from Karachi to Tashkent in 2026, which would further strengthen trade and people-to-people connectivity.

The Ambassador invited members of the PTA to visit Uzbekistan and assured them of his personal support and full facilitation by the Embassy of Uzbekistan in Pakistan.

The meeting concluded with a vote of thanks presented by Dr Danish Aman, Chairman PTA-South Zone.

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The REAP delegation, comprising 18 members, commenced its engagements with a meeting at the Oman Chamber of Commerce and Industry (OCCI), where they were warmly received by Chairman Sheikh Faisal Bin Abdullah Al Rawas. Both sides held detailed discussions on enhancing bilateral trade, with a particular focus on increasing Pakistan’s rice exports to Oman. The Chairman OCCI expressed keen interest in strengthening trade ties and announced plans to send a multi-sectoral delegation of Omani importers to Pakistan in the third week of May 2026. He also shared ongoing efforts to resolve the Oman visa restrictions for Pakistani nationals, expressing optimism for a positive outcome in the near future.

In collaboration with OCCI, the Pakistan Mission in Muscat organized a business networking event connecting REAP members with key stakeholders in Oman’s rice market. The event was attended by major importers, distributors, hypermarkets, and food companies. Presentations were delivered highlighting Pakistan’s rice production capacity and export potential, especially for the GCC market. The session concluded with productive B2B interactions, fostering direct engagement between Pakistani exporters and Omani buyers.

Recognizing logistical challenges in regional trade, the Pakistan Mission also facilitated a high-level meeting between the REAP delegation and representatives from shipping companies, Oman’s Ministry of Transport, port authorities, and logistics firms. Discussions focused on improving supply chains and addressing issues such as delays at Jebel Ali Port. Omani stakeholders proposed practical and cost-effective solutions, including alternative routing through Omani ports to streamline exports to GCC destinations.

On April 29, the delegation met with Sheikh Salim Abdullah Al Ghufaili, Director General of the Food Security Authority under the Ministry of Agriculture, Fisheries and Water Resources. The Authority plays a key role in procuring rice for Oman’s strategic reserves. The meeting aimed to familiarize Pakistani exporters with the Authority’s registration and procurement processes, encouraging broader participation in future tenders. The Director General agreed to organize an online session for Pakistani exporters to explain registration and inspection procedures. He also positively considered the proposal by REAP Chairman Faisal Jehangir to explore Gwadar Port operations as a viable logistics option for rice exports to Oman.

The visit marks a significant step toward strengthening trade relations between Pakistan and Oman, particularly in the agri-food sector. It underscores the commitment of both countries to fostering sustainable economic partnerships and unlocking new opportunities for mutual growth.

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At the gathering, LCCI President Saigol painted a stark picture of the challenges confronting Pakistan’s retail and business sectors, citing rising oil prices, runaway inflation, electricity load-shedding, and mounting trade restrictions as key drivers of economic distress. He warned that businesses are shutting down, markets have grown deserted, and the movement of goods from warehouses has become increasingly difficult. He further noted that late-night truck operations and enforcement raids are compounding the disruption.

Saigol called on the government to lift lockdown restrictions on the retail sector, stressing that suppressing economic activity directly undermines tax collection. He also advocated for long-term structural solutions, including promoting electric vehicles, strengthening public transport, and ensuring meaningful stakeholder consultation in policymaking.

Governor Saleem Haider Khan acknowledged the severity of the situation and pledged that the LCCI’s proposals would be raised at relevant government forums, assuring the business community that their concerns would be addressed as a priority.

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The development came during a virtual meeting of Federal Minister for Commerce Jam Kamal Khan with Yeo Han-koo, Trade Minister of South Korea, read an official statement on Friday. Secretary of Commerce Jawad Paul and senior officials from both sides also participated in the meeting.

At the outset, the Korean Trade Minister lauded Pakistan’s leadership role in promoting peace amid the current Middle East situation, stating,

“Pakistan’s efforts to bring peace are better for the whole world, not just for the countries involved,” said Yeo.

In response, Jam Kamal Khan appreciated the acknowledgement, reaffirming that Pakistan has acted as a responsible state in facilitating dialogue and promoting peace. He expressed hope that ongoing efforts would lead to stability in the region, which is vital for global trade, energy markets, and economic connectivity.

2025 Korea-Pakistan industrial collaboration event held

During the meeting, the two sides held detailed discussions on the ongoing CEPA negotiations, agreeing on the need to accelerate technical engagements with a shared objective of agreeing within a mutually agreed timeframe. Both ministers emphasised that the agreement should be ambitious, balanced, and reflective of their respective economic realities.

Highlighting Pakistan’s economic potential, Jam Kamal underscored opportunities across multiple sectors, including agriculture, mining, textiles, pharmaceuticals, surgical instruments, and sports goods. He emphasised the importance of diversification in trade partnerships, noting that evolving global dynamics require countries to explore new markets and build resilient economic linkages. He reiterated that Pakistan, with its strategic location, can serve as a gateway to Central Asia and Africa.

The Korean minister noted that many Korean companies are keen to invest in Pakistan, considering it a safe and promising destination, particularly in the manufacturing and energy sectors. He emphasised that a structured framework like CEPA would further enhance investor confidence and facilitate greater economic engagement.

On investment-related concerns, Jam Kamal assured that issues faced by Korean companies operating in Pakistan would be addressed in coordination with relevant ministries. He reaffirmed the government’s commitment to providing a stable and conducive business environment for foreign investors.

Both sides also discussed the establishment of a joint trade committee, agreeing to revive and finalise the mechanism to ensure regular institutional engagement and effective follow-up on bilateral trade matters.

Secretary of Commerce Jawad Paul, while elaborating Pakistan’s position, highlighted the need for a balanced and development-sensitive approach in tariff liberalisation under CEPA. He stressed that an asymmetrical arrangement would help accommodate Pakistan’s developmental needs and ensure broader stakeholder support.

He further assured that Pakistan’s technical teams are actively engaged in inter-ministerial consultations and will provide feedback on the remaining negotiation chapters soon.

Addressing business leaders, the Ambassador highlighted the importance of business-to-business engagement and noted that Austrian companies are increasingly exploring opportunities in Pakistan.

He pointed to the country’s large consumer market, strategic location, and young workforce as key attractions for foreign investors. He also confirmed Austria’s strong participation in the recent EU-Pakistan High-Level Business Forum as evidence of growing European interest.

LCCI President Faheem Ur Rehman Saigol welcomed the delegation and underscored Pakistan’s potential in sectors including textiles, agriculture, information technology, renewable energy, and pharmaceuticals. He announced that the Chamber has established a dedicated Austria-Pakistan Business Council to strengthen private-sector linkages between the two countries.

Both sides agreed that untapped potential exists in trade, technology transfer, and joint ventures. The Ambassador assured full embassy support to facilitate business connections through joint events and institutional cooperation, expressing confidence that concrete progress in trade and investment would be achieved during his tenure.

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During the meeting, the delegation briefed the governor in detail about the challenges and difficulties faced by the traders/business individuals and passengers in Karachi and across Sindh. He assured full cooperation for the resolution of these issues.

A major concern raised was the severe congestion at the Rangers checkpoint in Karachi, where only three lanes are currently operational. All categories of vehicles — including cargo trucks, passenger buses, and private vehicles—are processed through these limited lanes, resulting in significant delays. Due to this bottleneck, clearance often takes several hours to per vehicle.

The delegation requested that the number of lanes be increased from three to five, and that the system be upgraded along with an increase in staffing to ensure smoother and faster processing of vehicles and passengers.

They also expressed concerns regarding Customs and police personnel stationed at and around the checkpoint. It was highlighted that even when vehicles have complete documentation, including Goods Declarations (GD), they are sometimes unnecessarily stopped and subjected to delays. There were also complaints regarding alleged demands for money in certain cases by the Customs and police personnel.

Another serious issue raised was the treatment of passengers arriving from the Makran region, including Gwadar, Turbat, and Panjgur. After disembarking at Karachi bus terminals, passengers — particularly those travelling by rickshaws, taxis, or private vehicles—are reportedly stopped at multiple points. Many of these passengers include women and children. They are allegedly subjected to unnecessary searches, harassment, and extortion, and in some cases forced to pay money under intimidation.

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The understanding emerged during a high-level meeting at the CM House attended by a visiting Uzbek delegation, including Ambassador Alisher Khakimovich Tukhtaev, Deputy Governor GAFFOROV Elbek Istamovich, Mayor of Konimekh district RUZIEV Ruslan Nasirovich, Mayor of Navoiy city ERGASHEV Dilmurod Bekmradovich, Mayor of Uchquduq district ELMURATOV Uchkun Fayzullaevich, Deputy Chairman of the Management Board of JSC “Navoiyazot” for Investments JURAEV Nazirjon Homidovich, Head of the “Navoi” Free Economic Zone BOTIROV Mekhroj Pulatovich, and senior officials of Navoiy region, and Sindh cabinet members and senior provincial officials.

The CM was assisted by Minister Irrigation & P&D Jam Khan Shoro, Minister Culture Zulfiqar Shah, Mayor Karachi Murtaza Wahab, Acting CS/Commissioner Karachi Hassan Naqvi, Secretary to CM Asif Jameel, Chairman P&D Board Najam Shah, Secretary Livestock Kazim Jatoi, ACS Local Govt Waseem Shamshad, Secretary Agriculture Zaman Narejo, Secretary Industries Shahia Jaffer, CEO Dhabeji Special Economic Zone Azeem Uqaili.

Welcoming the delegation, the chief minister said Sindh attaches great importance to enhancing ties with Uzbekistan, particularly following recent engagements between the leadership of the two countries and the roadmap adopted under the Joint Working Group on Trade and Economic Cooperation (2026-30).

The meeting discussed establishing institutional cooperation between Sindh and the Navoiy region, including direct government-to-government linkages, delegation exchanges, and sectoral collaboration in areas of mutual interest.

Focus on investment, industry

Murad Ali Shah highlighted Sindh’s industrial and investment potential, particularly opportunities in the Dhabeji Special Economic Zone, industrial parks, chemicals, textiles, SMEs and value-added manufacturing. He invited Uzbek investors to explore partnerships in Sindh.

Both sides discussed cooperation between Sindh’s industrial sector and the Navoi Free Economic Zone, including prospects for joint ventures, business-to-business exchanges and trade promotion initiatives.

Agriculture and livestock cooperation

The two sides reviewed possibilities for collaboration in agriculture, including seed development, crop research, agri trade, livestock development, halal products and technology transfer. The chief minister said Sindh was keen to work with Uzbekistan on climate-resilient agriculture, water-efficient farming and agro-processing.

Both sides agreed to move toward a structured framework for cooperation and to identify priority sectors for follow-up action through relevant departments and institutions.

Shah said Sindh was ready to transform diplomatic goodwill into practical partnerships. “There is immense scope for mutually beneficial cooperation in industry, agriculture, tourism and investment, and Sindh is prepared to play a proactive role,” he said.

Governor Tursunov expressed interest in building direct ties with Sindh and expanding cooperation through institutional linkages, business collaboration and exchange of expertise.

The meeting concluded with both sides agreeing to pursue a roadmap for sustained provincial-level engagement aimed at promoting trade, investment and broader economic cooperation between Sindh and Uzbekistan’s Navoiy region.

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Zubair Motiwala and Rehan Hanif paid glowing tribute to Federal Minister for Maritime Affairs Junaid Anwar Chaudhry for spearheading a series of decisive and timely measures aimed at safeguarding exporters’ interests during a period of heightened global shipping disruptions, particularly affecting Gulf-bound consignments.

They also commended Chairman KPT Shahid Ahmed and KPT Trustee Abdullah Zaki for their proactive role in engaging terminal operators and ensuring swift implementation of relief measures for the business community.

They noted that following effective coordination by the Ministry of Maritime Affairs and KPT, leading terminal operators including Karachi Gateway Terminal Limited (KGTL), Karachi International Container Terminal (KICT), and South Asia Pakistan Terminals (SAPTL) agreed to provide significant concessions in storage and demurrage charges for export containers, particularly those destined for Gulf countries that had been held up due to extraordinary circumstances.

This pro-business step would surely provide much-needed financial breathing space to exporters struggling with rising logistics costs, they added.

Zubair Motiwala and Rehan Hanif emphasized that this landmark initiative reflects the government’s strong commitment to protecting Pakistan’s export competitiveness at a time when global maritime trade has been facing unprecedented challenges, including regional tensions and supply chain disruptions.

They were of the view that these measures are part of a broader reform agenda under Minister Junaid Anwar Chaudhry, who has been actively pursuing policies to transform Karachi Port into a regional transshipment hub, including incentives in port dues, berthing, and storage to boost trade activity and attract international shipping lines.

The timely reduction in storage and demurrage charges has come as a major relief for exporters, particularly those dealing with Gulf markets, who were facing severe financial stress due to unexpected delays. This intervention has not only reduced cost pressures but has also restored confidence within the business community, they stated.

Chairman BMG and President KCCI further remarked that such business-friendly policies are essential for enhancing Pakistan’s export performance, improving port efficiency, and strengthening the country’s position in regional and global trade corridors.

They expressed hope that the Ministry of Maritime Affairs and KPT would continue to engage with stakeholders and introduce further facilitative measures to streamline port operations, reduce the cost of doing business, and fully realize the potential of Pakistan’s blue economy.

While reaffirming KCCI’s full support to the government’s reform initiatives, Zubair Motiwala and Rehan Hanif reiterated the Chamber’s commitment to working closely with all relevant authorities to promote sustainable economic growth and export-led development.

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Presiding over the conference, LCCI President Faheem-ur-Rehman Saigol highlighted the disparity between the economic strength of the Association of Southeast Asian Nations and Pakistan’s limited commercial engagement with the region. He noted that while ASEAN commands a combined GDP of approximately $4 trillion and exports exceeding $1.6 trillion, Pakistan’s exports to the bloc amount to only $1.37 billion.

He called for free trade agreements with ASEAN nations, improved air and shipping connectivity, and the removal of complex certification and tariff barriers that are restricting Pakistani exports of textiles, halal meat, agricultural products and pharmaceuticals.

Diplomats representing Indonesia, Thailand, Malaysia, Brunei, the Philippines and Myanmar also stressed the need for deeper engagement. Malaysian High Commissioner Dato Mohammad Azhar Mazlan said regional businesses have felt the strain of rising global tensions and noted that Pakistan can play a constructive diplomatic role in easing them.

Thai Ambassador Rongvudhi Virabutr expressed optimism that a preferential trade agreement between Pakistan and Thailand is expected soon, which could reduce bilateral tariffs to as low as zero percent.

Speakers further emphasised Pakistan’s growing information technology sector as an untapped avenue for digital services exports to ASEAN markets, while several ambassadors extended investment invitations in sectors ranging from tourism to petrochemicals.

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He noted that despite uncertainty in the global economy, there are strong opportunities for stable growth in economic and trade relations between Russia and Pakistan. Referring to the 10th session of the Russia-Pakistan Intergovernmental Commission (IGC) on Trade, Economic, Scientific, and Technical Cooperation, he said that the Russia-Pakistan Business Forum was also held on the sidelines of the meeting. More than 40 Russian and Pakistani companies from the energy, IT, and agriculture sectors participated in the forum.

He added that efforts are underway to boost trade, reduce non-tariff barriers, and simplify customs procedures. The Russian trade representative highlighted progress in enhancing cooperation in the pharmaceutical and medical sectors, including increasing mutual supplies of medicines and medical equipment, localizing production in Pakistan, and establishing joint ventures.

He further stated that Russia is ready to assist in the mechanization of Pakistan’s agriculture sector. Russian producers have also expressed willingness to supply modern agricultural machinery, as well as equipment for the construction and food industries. He emphasized that relevant companies are being facilitated to establish direct contacts and finalize concrete agreements for mutual benefit.

Denis Nazaroof announced that the 17th International Economic Forum “Russia–Islamic World: Kazan Forum” will be held in May, followed by Russia’s industrial trade fair INNOPROM-2026 in July. He invited Pakistani businessmen to participate in these events to further strengthen bilateral relations. He also mentioned that Pakistan has recently exported potatoes to Russia and noted that global textile brands are entering the Moscow market, urging Faisalabad exporters to take advantage of this opportunity.

Earlier, FCCI President Farooq Yousaf Sheikh, in his welcome address, said that Faisalabad is Pakistan’s third-largest city and ranks second in revenue generation. “Textiles are the backbone of this city’s economy, contributing 60 percent of Pakistan’s total textile exports,” he said.

He added that FCCI is the sole representative trade body of Faisalabad’s business community. Citing recent figures, he noted that bilateral trade between Pakistan and Russia has exceeded USD1 billion. He emphasized the need to promote direct ties between the private sectors of both countries and pointed out the lack of banking system coordination, which often leads to business-related disputes.

He further stated that Faisalabad has highly developed industrial estates where Russian investors can establish high-tech units to earn substantial profits. He suggested that joint ventures could be initiated by fostering trust between the private sectors of both countries.

Later, Senior Vice President Naveed Akram Sheikh thanked the guests. FCCI President Farooq Yousaf Sheikh also presented a special lapel pin to Denis Nazaroof in connection with FCCI’s 50th Golden Jubilee celebrations, along with a commemorative shield and gifts.

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FPCCI President Atif Ikram Sheikh said the cess has imposed an unnecessary financial burden on the business community and demanded that customs clearance operations be shifted from Karachi to Punjab by reviving the province’s eight largely non-operational dry ports, three of which are directly connected to railway tracks. He maintained that activating these facilities would help reduce business costs and generate employment opportunities.

FPCCI Regional Chairman Zaki Aijaz observed that rail cargo is more economical than road transport and could significantly lower demurrage charges for traders. The federation also appealed to the governments of Sindh, Khyber Pakhtunkhwa and Balochistan to abolish similar levies imposed in their respective provinces.

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They called upon the Prime Minister, the Federal Minister for Finance & Revenue and the Governor of the State Bank of Pakistan to reconsider the monetary policy trajectory.

They demanded a comprehensive, growth-oriented macroeconomic framework that prioritises broadening of the tax-net and reduction in energy and borrowing costs for export-oriented and domestic manufacturing industries.

Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) expressed his profound concerns and unequivocally rejected the decision made Monday by the State Bank of Pakistan’s (SBP)’ Monetary Policy Committee (MPC) to increase the key policy rate by 1 percent. It is ill-timed and unfortunate as the country’s economy was on a take-off stage after the stabilisation phase, he added.

He said that the apex trade body had already categorically cautioned that the continued tightening of monetary policy in the country will deal a crippling blow to the country’s struggling industrial and export sectors. Pakistan doesn’t any longer need contractionary, regressive monetary or fiscal policies, he added.

FPCCI Chief pointed out that a high-interest-rate environment fundamentally contradicts the government’s stated goals of economic revitalization, export growth and job creation – rendering Pakistani products uncompetitive in the regional and international markets.

Sheikh strongly condemned the decision, stating that this rate hike is a harsh setback for the business community. “We have repeatedly provided the SBP and the Ministry of Finance with data showing that our industries simply cannot survive, let alone expand, under such an exorbitant cost of borrowing as we are competing with the regional economies with much lower interest rates.”

He explained that instead of curbing inflation – which is largely driven by administrative energy costs and supply-chain inefficiencies – this monetary policy will only escalate the cost of doing business; choke private-sector credit even further and potentiate the pressures of de-industrialization. The government cannot rely on squeezing trade and industry while projecting economic growth, he added.

However, Saquib Fayyaz Magoon, Senior Vice President (SVP) of FPCCI highlighted the disproportionate impact of this decision on small and medium enterprises (SMEs) as today’s decision will essentially shut the door on affordable access to finance for SMEs.

He continued that coupled with exorbitant energy tariffs and heavy compliance costs this monetary tightening will push many manufacturers toward default or complete closures. It is impossible to achieve the Federal Board of Revenue’s (FBR) ambitious revenue targets when you are actively stifling the very engines of production.

Meanwhile, Abdul Mohamin Khan, VP & Regional Chairman Sindh, FPCCI, voiced the distress of traders and industrialists of Sindh as the regional chambers and industrial estates are already reporting severe challenges. Factories operating well below their capacities will now be forced to lay-off workers; and, an increase in the interest rate today means stalled expansions and canceled orders tomorrow, he added.

He said that FPCCI urgently demands that the authorities review this destructive, textbook approach to inflation management; and, instead adopt a pro-growth monetary framework that facilitates, rather than penalizes, the local industry.

However, President Karachi Chamber of Commerce and Industry (KCCI), Muhammad Rehan Hanif expressed sheer disappointment and concern over State Bank’s decision to increase the key policy rate by 100 basis points, raising it from 10.5 percent to 11.5 percent.

Hanif observed that prior to the escalation in tensions between the United States and Iran, inflationary pressures in Pakistan were relatively subdued and well within a manageable range. While acknowledging that inflation has experienced some upward movement following the geopolitical developments, he emphasised that the increase has not been of such magnitude as to warrant a tightening of monetary policy.

He pointed out that even when inflation was on the lower side, the policy rate remained elevated at 10.5 percent, which the business community had consistently termed excessive.

KCCI had repeatedly urged the central bank to rationalize the interest rate and bring it down to single-digit levels in line with regional benchmarks, but these appeals were not given due consideration.

Hanif further stated that under the prevailing circumstances, there was ample room for the State Bank to maintain the status quo in the policy rate rather than resorting to an increase. He termed the decision to raise the rate as imprudent and counterproductive, cautioning that it would significantly escalate the cost of borrowing for businesses already operating under challenging economic conditions.

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The stakeholders said that deregulation would also help the industry offload surplus national production in international markets, thereby earning foreign exchange and strengthening the national economy.

However, representatives from academia (LUMS) opposed the idea on the grounds that unbridled exports could harm consumer interests, while questions regarding the sustainability of deregulation versus regulation also persist.

There was, nevertheless, a consensus on the issue raised during the forum that no new sugar mills should be allowed to be set up until the approximately 90 mills currently operating in the country achieve their full production potential.

The forum was organized by “Business Recorder” on “Deregulation of the Sugar Sector” and was attended by representatives of the Pakistan Sugar Mills Association (PSMA), farmers, economists, academia, and researchers.

Opening the forum, PSMA Chairman Ch Zaka Ashraf said that the survival of the sugar industry lies in the deregulation of the sector, which is the need of the hour. He stated that it would be beneficial for both growers and the industry, adding that growers would receive international prices for their crops. He also appreciated the government for advancing the proposal for deregulation of the sugar sector at the behest of the IMF. He said deregulation would help the industry make its own decisions. “If all decisions have to be taken by the government and the bureaucracy, then it will hinder the smooth functioning of the industry,” he observed.

Referring to the success story of Brazil’s deregulation, Zaka claimed that Brazil became the largest producer and exporter of sugar after deregulating its sugar sector in 1995. He said that deregulation increased Brazil’s sugar production from 15 million to 45 million metric tons, of which around 20 million metric tons are exported. He further noted that Brazil shifted its dependence from fossil fuels to environmentally friendly bio-ethanol fuel and introduced flex-fuel vehicles with a mandatory 30 percent blend.

He added that Thailand, another major sugar-producing country, has also deregulated its sugar sector and has become the third-largest producer and exporter of sugar.

Zaka Ashraf said that during the current crushing season, sugar mills have produced nearly 1.3 million tons of surplus sugar, which is expected to reach between 1.5 and 2.0 million tons in the next season. These surplus figures, he said, are agreed upon by all stakeholders and verified through the FBR’s track-and-trace system installed in every sugar mill, with 99 percent accuracy.

He claimed that sugar worth approximately US$500 million is currently lying in the godowns of sugar mills and stressed that it is high time to export sugar, as international prices are rising due to the Iran war. He added that mills are incurring mark-up costs on bank loans taken against the surplus stock, and its disposal would facilitate timely payments to both the banking sector and growers.

Group Director Muhammad Rafique of JDW Sugar Mills, speaking on the occasion, said that the crushing season, which started on November 16, 2025, has not yet concluded, and mills have produced about 7.6 million tons of sugar. He added that if production from beetroot—estimated at around 86,500 tons—is included, along with the carryover stock from the previous year, total stocks would reach approximately 8 million tons. He said they had proposed to the government that if 7.2 million tons are retained—sufficient for 13 months of consumption—then around 800,000 tons would be available as exportable surplus. “If calculated at US$425 per ton, it can help Pakistan earn US$350 million by offloading these stocks in the international market,” he added.

Supporting the idea of complete deregulation of the sector, he said that the Punjab government deregulated sugarcane prices two years ago, which resulted in better prices for farmers.

Muhammad Rafique also highlighted the research and development activities being carried out by his organization to produce new seed varieties with higher per-acre yields and resistance to diseases.

Brig Safeer Vaseer, Chairman PSMA South Zone, said in his remarks that 30 percent of the sugar produced in the country is used by domestic consumers, while 70 percent is consumed by commercial and industrial users. He was of the view that deregulation would be beneficial for all stakeholders, including the country, mills, and farmers.

Pakistan Kissan Ittehad (PKI) President Khalid Mahmood Khokhar said that the sugar sector should be deregulated from start to finish. He also said that if the industry is sufficient to meet existing demand, there is no need to set up new mills. He further proposed that an independent commission should be established after deregulation to determine how much sugar has been produced in a specific season and how much can be exported.

He also lamented that the research budget in the agriculture sector is minimal and was of the view that the private sector can conduct research more effectively.

He called for a return to cotton, noting that it remains the largest contributor to the country’ exports. He criticised the bureaucracy and held it responsible for the decline in the agricultural sector.

Anjuman Kashtkaran President Rana Iftikhar Muhammad also supported the idea of deregulation. He said sugarcane sowing is increasing while cotton sowing is decreasing due to climate change.

He added that growers are not receiving prices sufficient to even cover their input costs.

Director Business Recorder Research Ali Khizar appreciated the effort of convening such a meeting, where all stakeholders could sit together and discuss this important issue. He said that rice and maize are two success stories in Pakistan, where not only yields increased but farmers’ prosperity was also ensured.

Former Attorney General of Pakistan, Shehzad Elahi, said that although there was a ban on setting up new mills—which benefits existing mills—he supported complete deregulation. He said there is no benefit in producing an item at a cost of Rs 10 and selling it at the same price due to government intervention. He added that three laws—essential commodities, foodstuffs, and anti-hoarding acts—would remain intact even if the sugar sector is deregulated.

Prof. Ijaz Nabi said that the government had set up two committees on the subject. However, he claimed that private sector representatives have differing views on various aspects of deregulation. He said the Prime Minister is adept at handling bureaucrats, but the private sector should develop a consensus viewpoint. He added that the consensus being presented at the forum is not being reflected in the committees formed by the government.

He, however, opposed the idea that the entire sector should be deregulated while simultaneously barring the establishment of new mills.

Prof. Ijaz Nabi further said that representatives of the auto and textile sectors are raising similar concerns about over-regulation. He remarked that, in fact, the private sector is trying to protect its profits.

He noted a shift in the mindset of the current political leadership, adding that the trade policy announced last year before the budget was an effort to address root causes, and the government now aims to resolve these issues.

Regarding the IMF, he said it is primarily concerned with bridging trade deficits and ensuring that countries do not repeatedly return for assistance despite receiving support.

Dr. Ummad Mazhar of the Lahore University of Management Sciences (LUMS) said that neither complete deregulation nor excessive regulation is beneficial for the sector. He noted that when the government regulates an industry, it aims to safeguard consumer rights. He warned that cartelization is a major issue in Pakistan and that deregulation should not lead to such outcomes. He added that regulations are also necessary to ensure quality control and noted that international sugarcane prices are determined based on sucrose content.

He emphasized that the rights of small growers must be protected in any decision-making process and proposed that export decisions should be made after reviewing conditions at district and divisional levels. “There should not be any unbridled export,” he added.

Dr Anjum Fayyas from LUMS echoed similar views, stating that, coming from a business family, he knows that price pooling is common practice. He said the government should evaluate whether the proposed Minimum Support Price has actually benefited growers. He questioned whether past regulation and current calls for deregulation are driven by political motives, such as securing votes. He stressed the need to eliminate middlemen exploitation, ensure farm-to-market access for farmers, and improve their access to finance.

Pro Vice Chancellor of the Agricultural University of Faisalabad, Dr Muhammad Sarwar, regretted that research and extension wings were separated from academia in the 1960s. However, he noted that government priorities are now changing. He said that two GMO varieties of sugarcane have been developed and submitted for approval to the relevant forums. “It took us many years to obtain these approvals,” he added. He emphasized the need for a change in mindset, noting that the sector is fully deregulated in Brazil, where sugarcane is also used to produce bio fuel and alcohol.

Shahid Afghan, CEO of the Sugarcane Research & Development Board (SRDB), spoke about adhocism in the government sector. He said he has been serving as acting CEO since 2016. He noted that germplasm is imported for research to develop new varieties and questioned why foreign entities would share research conducted for their own benefit.

He disclosed that there are seven research institutes in the country, of which six operate in the private sector and one in the public sector.

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LCCI President Faheem-ur-Rehman Saigol, who attended the ceremony as chief guest, emphasized that Pakistani small and medium enterprises urgently need stronger pathways to global trade, adding that platforms like JAK Delivery can help remove long-standing cross-border barriers.

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The MoU was signed during a high-level meeting held at the Consulate General of Pakistan in Guangzhou, between FPCCI Senior Vice President and Chairman BMP-Progressive Saquib Fayyaz Magoon and Guangzhou Chamber Chairman Richard Wu, read a statement.

The agreement outlines key areas of collaboration, most notably the establishment of dedicated arbitration desks at both FPCCI and the Guangzhou Chamber to ensure swift and efficient resolution of business disputes. The MoU further focuses on enhancing bilateral trade volumes, reducing trade barriers, and improving the ease of doing business between Pakistan and China.

Pakistan’s Consul General in Guangzhou, Sardar Mohammad, along with Commercial Attaché Mohammad Imran, hosted the signing ceremony. The FPCCI delegation comprised leading industrialists and traders representing a wide cross-section of sectors.

Speaking on the occasion, Saquib Fayyaz Magoon expressed gratitude to Sardar Mohammad for facilitating the engagement and reaffirmed that China remains Pakistan’s most trusted and reliable economic partner. He underscored Pakistan’s unwavering support for China’s vision of inclusive global growth through international collaboration.

Guangzhou Chamber Chairman Richard Wu stated that China’s current economic policy is firmly oriented towards global expansion, driven by high-tech transfer and increased outbound investment. He noted that, given the deep-rooted and time-tested relationship between the two nations, there is a strong inclination among Chinese businesses to establish industries on Pakistani soil.

Wu identified renewable energy, information technology, and agriculture as priority sectors for Chinese investment in Pakistan, describing the country as a promising and strategically important destination for Chinese capital.

Wu revealed that a B2B Investment Conference — described as the first of its kind — is scheduled for May 9–10 in Lahore. The conference will focus on home appliances, electrical devices, industrial equipment, and energy storage, and will bring together Chinese investors and their Pakistani counterparts to explore new and concrete avenues of collaboration.

In a letter addressed to the PM, the President of Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, highlighted the adverse economic impact of the enforced early closure of retail and commercial markets across Pakistan, particularly in Islamabad.

He pointed out that the decision, taken without adequate consultation with key stakeholders, has disrupted business operations and negatively affected multiple sectors of the economy. The ICCI president noted that the policy’s impact extends beyond retail markets to include restaurants, shopping malls, small and medium enterprises, and various service providers, leading to a slowdown in overall commercial activity.

He emphasized that the business community is already grappling with economic challenges, and such measures further compound their difficulties. He further stated in the letter that, in view of Pakistan’s important diplomatic role in facilitating the ongoing US–Iran negotiations, the business community is fully prepared to extend its unwavering support during the anticipated second round of these talks in Islamabad, recognizing their significance for regional peace, stability, and economic confidence.

Mehmood stressed that a rational and balanced adjustment in the early closure policy would provide immediate relief to businesses, restore confidence, and contribute positively to economic stability. He reiterated ICCI’s commitment to working closely with the government to ensure that economic policies are practical, inclusive, and growth-oriented.

Meanwhile, a delegation of the Islamabad Restaurants Association, led by its Chairman Habibullah Zahid, also visited the Chamber House on Wednesday to discuss the same issue. The delegation apprised the ICCI leadership of the challenges faced by the restaurant sector due to early closure timings and expressed support for ICCI’s stance on the need for policy rationalization.

On the occasion, ICCI Senior Vice President Tahir Ayub, Executive Members, Zulqurnain Abbasi, Imran Minhas were also present. The Islamabad Restaurant Association delegation included its President Khurram Khan, General Secretary Sikandar Bakhtiar, along with other members.

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At a meeting held at the SITE Association, members apprised Inspector General of Police Sindh Javed Alam Odho of the deteriorating law and order situation and requested immediate measures to safeguard industries and provide a peaceful environment for uninterrupted operations. Senior police officials, SITE office-bearers, and a large number of members attended the session.

SAI President Abdul Rehman Fudda strongly condemned the recent firing incident on an industrialist in North Karachi linked to extortion demands. He stressed that the safety of the business community must be guaranteed and pointed out rampant encroachments in SITE area, which the IG assured would be removed permanently. Odho also pledged strict action against extortionists and those attempting to harm industrialists.

Patron-in-Chief Zubair Motiwala said the prevailing atmosphere in police stations discourages citizens from lodging FIRs, adding that crime incidents should be recorded without requiring names.

He highlighted traffic congestion from Siraj Kassam Teli flyover to Nazimabad underpass, costing commuters at least 20 minutes daily. He also drew attention to aerial firing at weddings damaging solar panels, to which the IG assured stern action.

Patron Saleem Parekh raised concerns over unannounced raids by SSGC Police, Railways Police, and KWSC Police, urging streamlining of their operations. He suggested donating a drone camera to the Association to strengthen its Crime Monitoring Cell.

Former President Jawed Bilwani called for permanent removal of encroachments, restriction of heavy traffic during evening rush hours, and dedicated truck parking to ease congestion. He proposed that the first phase of the Safe City Project begin at entry and exit points of SITE area, with industries directed to install quality CCTV cameras and spotlights.

Law & Order Committee Chairman Abdul Hadi revealed a shortage of 113 police personnel across SITE PS-A, PS-B, and the Crime Monitoring Cell, with only one of three police mobiles available for patrolling. He demanded at least 8–10 mobiles to ensure timely response. He added that factory robberies have resurfaced in the past five months, while broken-down vehicles on flyovers continue to disrupt traffic.

DIG Traffic Pir Muhammad Shah informed participants that all Station Officers have been provided tablets for reporting violations. He said commuters are being given one month to adopt lane discipline, after which challans will be imposed, starting from Shahrah-e-Faisal. Steps are also being taken to improve traffic flow on Mauripur Road.

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She expressed satisfaction with the bilateral relations between the two countries and said Pakistan has roads and infrastructure for investment, but there are also challenges in taxation and regulation. She appreciated German technology and said Pakistan should take full advantage of it.

Mentioning GSP Plus, She said “Pakistan is currently benefiting only from the export of textiles and leather, etc., while this duty-free facility also includes many other non-traditional items, by taking advantage of which it can further improve its economy.”

She also mentioned German aid to Pakistan and said European Union funds are available for improvement in many other sectors including textiles, which Pakistan should benefit from.

She said Germany is also providing full assistance for the promotion of technical education in Pakistan through GIZ and this will continue in the future. She said currently 10,000 Pakistani students are studying in Germany, adding that “apart from this, Pakistani labour also goes to Germany for vocational training, but they must know the German language.”

She also answered various questions about visas and said they are given under a procedure.

She also stressed the need for bilateral relations in the joint Chamber of Commerce and Industry in Pakistan and Germany, so that issues between the private sectors of the two countries can be resolved directly.

Earlier, welcoming the guests, Farooq Yousaf Sheikh, FCCI President, expressed satisfaction with the Pak-German relations and called for their further expansion.

He thanked Germany for its assistance in providing water to Faisalabad. He said Pakistani exports to Germany during 2025-26 were USD 987 million, adding “this trade volume is beneficial for Pakistan.”

He said Germany is Pakistan’s most trusted friend in the European Union, which has played a significant role in Pakistan’s development. He said “many exporters from Faisalabad go to Germany but they face unnecessary delays in getting visas. He said that to solve this problem, a special desk should be set up in the embassy or one day in a week should be allocated for the members of the chamber.

Finally, a question and answer session was held in which Executive Members Waheed Khaliq Ramey, Zahid Butt, Salman Arshad, Muhammad Raees, Ali Raza and Kashif Anjum participated while Senior Vice President Naveed Akram Sheikh thanked the guests.

President Farooq Yousaf Sheikh presented the German Ambassador with a special collar pin, shield and gift on the occasion of the Golden Jubilee celebrations of the FCCI.

Later, she also recorded his impressions in the chamber’s guest book and took a group photo with the participants.

Vice President Engineer Asim Munir, Executive Member Omar Farooq Kahlon, ShahidMajeed, Muhammad Haroon Waheed and Mian Muhammad Tayyab were also present on the occasion.

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The Pakistani side was led by H.E. Dr Zafar Iqbal, Ambassador of Pakistan to Kuwait, reflecting the importance of strengthening bilateral economic ties. The Kuwait side, led by Firas Al Oda, Assistant Director General, KCCI, saw participation from 30 Kuwaiti companies, including leading retailers such as Sultan Centre and Lulu Hypermarket, and distributors like Mezzan Holding and Al Eid Foods.

From Pakistan, FPCCI Vice President (Lahore Chapter) Zaki Ijaz and Vice President & Chairman (Islamabad Chapter) Karim Aziz Malik addressed the session, alongside participation from 30 plus exporters including Big Bird, Shangrilla, Sufi, Qarshi, and President, Pakistan Dairy Association. Athar Khokar, Director General TDAP, highlighted Pakistan’s strong potential in agro and food exports.

A comprehensive presentation by TDAP showcased the strong yet underutilised trade relationship between Pakistan and Kuwait, emphasising Pakistan’s capacity to supply high-quality agro and food products. Key sectors included rice, fruits and vegetables, meat, seafood, and value-added food products, along with current logistics solutions via sea and air. This was followed by a logistics presentation by Jazeera Airways.

An interactive Q&A session enabled direct engagement between Pakistani exporters and Kuwaiti importers, to be followed by dedicated B2B meetings to further explore commercial opportunities.

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He noted that the conditional two-week ceasefire, which came into effect on April 8, 2026, has provided a critical breathing space for a world economy reeling from the volatility of energy prices.

He highlighted that during the height of the conflict, the blockade of the Strait of Hormuz—through which approximately 20% of the world’s petroleum passes—pushed global oil prices to record highs, severely impacting Pakistan’s industrial sector and cost of doing business.

Mian Zahid Hussain lauded the proactive role of Pakistan’s civil and military leadership in facilitating the ceasefire and facilitating the high-level dialogue. He specifically pointed to the significance of the “Islamabad Talks” held on April 11-12 at the Serena Hotel, which marked the first direct, high-level engagement since the 1979 Iranian Revolution, between the United States and Iran.

He noted that while the initial 21-hour marathon session concluded without a final deal, the fact that both sides agreed to remain engaged under Pakistan’s mediation is a major diplomatic victory for the country. He further underscored that the visit of Field Marshal Syed Asim Munir to Tehran from April 15 to 17 was instrumental in addressing security concerns and reinforcing the trust necessary to sustain the peace process.

The veteran business leader also commended Prime Minister Shehbaz Sharif’s recent diplomatic mission to Saudi Arabia, Qatar, and Türkiye, where the PM participated in the Antalya Diplomacy Forum. He stated that these visits have consolidated a regional consensus on de-escalation, ensuring that key Middle Eastern stakeholders are aligned with the peace framework. He observed that the international community, including leaders from Italy, Canada, and Austria, has formally recognized Pakistan’s pivotal role as a bridge between the warring factions.

Regarding the upcoming schedule, Mian Zahid Hussain expressed high hopes for the resumption of talks in Islamabad scheduled for Tuesday, April 21. He stressed that the stakes are incredibly high, as the 15-day ceasefire window is rapidly closing.

He urged both delegations to prioritize the reopening of the Strait of Hormuz and a permanent cessation of hostilities to prevent a full-scale regional catastrophe. He warned that if the Tuesday talks do not yield a concrete roadmap for sanctions relief and nuclear guarantees, the resulting uncertainty could lead to a renewed spike in global inflation.

Mian Zahid Hussain concluded by stating that Pakistan’s emergence as a central diplomatic hub not only enhances its global stature but also offers a rare opportunity to secure long-term economic stability for the entire Muslim Ummah.

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Former LCCI Senior Vice President Ali Hissam Asghar, Syed Mardan Ali Zaidi, and LCCI Executive Committee Members Aamir Ali, Karamat Ali Awan, and Waqas Aslam also addressed the meeting. Other participants included Hammad Khalid, Ramzan Ahmed Raja Shakeel, Muhammad Shahid, Imran Khan, Muhammad Yaseen, Sheikh Aamir Habib, Syed Fahad, Najeeb Chughtai, Imran Asghar, and Kashif Bhatti.

Syed Salman Ali highlighted several key issues faced by the business community, including delays in exporters’ onboarding processes, lack of timely data sharing among banks, and the provision of incorrect information by previous banks, among other concerns.

The meeting decided that these issues would be taken up with the Chief Manager of the State Bank of Pakistan in an upcoming meeting. It was also proposed to establish a facilitation counter of the State Bank of Pakistan at the Lahore Chamber of Commerce and Industry to ensure prompt resolution of members’ complaints.

The participants emphasized that improved coordination between banks and the business community is essential for sustainable economic growth and export promotion.

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A grand ceremony was held on this occasion, attended by prominent members of the business community, officials, and representatives from different countries. During the event, the 20-storey modern and impressive SAARC Chamber Headquarters building in Islamabad was formally inaugurated. The project, completed under the leadership of Mian Anjum Nisar, is being termed a historic achievement and a great honor for Pakistan. Business leaders from SAARC countries appreciated this effort and called it an important step towards enhancing regional trade links.

President Lahore Chamber, Faheem ur Rehman Saigol, paid rich tribute to Mian Anjum Nisar, stating that during his tenure as Vice President, he played a significant role in promoting trade cooperation, coordination, and protecting the interests of the business community across the SAARC region. Under his leadership, not only did the organization become more active, but Pakistan’s positive image was also strengthened.

He further said that Mian Anjum Nisar made strong efforts to enhance regional business connections, promote policy dialogue, and effectively raise the voice of the private sector, which are highly commendable.

Meanwhile, circles associated with FPCCI and the Businessmen Panel (BMP) also termed his achievements a matter of pride for Pakistan’s business community, adding that under his leadership, the country’s stature has risen globally and it marks another major addition to BMP’s accomplishments.

At the end of the ceremony, best wishes were expressed for the new leadership, with hope that the SAARC Chamber will continue to play a key role in promoting economic growth and regional cooperation in the future.

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This was stated by Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, during his visit to the Lahore Chamber of Commerce and Industry (LCCI).

The Ambassador noted that the recent visit of Kazakhstan’s President to Pakistan after more than two decades marked a historic milestone, resulting in the signing of a joint declaration on strategic partnership and over 70 agreements and MoUs across trade, education, sports, and culture. To translate this momentum into concrete outcomes, a high-level joint working group has been formed to develop a five-year roadmap, supported by six sectoral groups covering trade, transport, energy, agriculture, IT, and education.

Both sides are also working to ease business travel through e-visa facilities, strengthened banking channels, and plans to restore direct flights between Lahore and Almaty. Sister city relationships between Lahore and Turkestan, Karachi and Almaty, and Faisalabad and Shymkent are also underway.

LCCI President Faheem Ur Rehman Saigol stressed that despite strong diplomatic ties, trade remains far below its true potential and called for greater business-to-business engagement, joint ventures, and improved regional connectivity to fully unlock economic cooperation between the two countries.

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