AIRLINK 78.55 Decreased By ▼ -0.06 (-0.08%)
BOP 4.77 Increased By ▲ 0.12 (2.58%)
CNERGY 4.16 Increased By ▲ 0.13 (3.23%)
DFML 39.29 Increased By ▲ 2.81 (7.7%)
DGKC 95.65 Increased By ▲ 7.40 (8.39%)
FCCL 24.16 Increased By ▲ 1.87 (8.39%)
FFBL 32.77 Increased By ▲ 2.62 (8.69%)
FFL 9.37 Increased By ▲ 0.19 (2.07%)
GGL 10.15 Increased By ▲ 0.23 (2.32%)
HASCOL 6.54 Increased By ▲ 0.43 (7.04%)
HBL 109.50 Increased By ▲ 4.50 (4.29%)
HUBC 145.01 Increased By ▲ 7.51 (5.46%)
HUMNL 10.73 Increased By ▲ 0.08 (0.75%)
KEL 4.73 Increased By ▲ 0.09 (1.94%)
KOSM 4.26 Increased By ▲ 0.26 (6.5%)
MLCF 39.40 Increased By ▲ 2.27 (6.11%)
OGDC 129.25 Increased By ▲ 10.06 (8.44%)
PAEL 25.87 Increased By ▲ 1.89 (7.88%)
PIBTL 6.34 Increased By ▲ 0.27 (4.45%)
PPL 122.70 Increased By ▲ 8.65 (7.58%)
PRL 24.35 Increased By ▲ 1.18 (5.09%)
PTC 12.99 Increased By ▲ 0.79 (6.48%)
SEARL 61.18 Increased By ▲ 2.13 (3.61%)
SNGP 65.20 Increased By ▲ 3.22 (5.2%)
SSGC 9.89 Increased By ▲ 0.13 (1.33%)
TELE 7.86 Increased By ▲ 0.19 (2.48%)
TPLP 9.85 Increased By ▲ 0.37 (3.9%)
TRG 64.50 Increased By ▲ 0.78 (1.22%)
UNITY 26.99 Increased By ▲ 0.14 (0.52%)
WTL 1.32 Increased By ▲ 0.02 (1.54%)
BR100 7,977 Increased By 398.8 (5.26%)
BR30 25,602 Increased By 1383.8 (5.71%)
KSE100 76,208 Increased By 3410.7 (4.69%)
KSE30 24,438 Increased By 1225 (5.28%)
Print Print 2023-08-23

Gohar floats the idea of establishing ‘business parks’

  • Federal Minister for Commerce and Industries Dr Gohar Ejaz says park would prove vital in the economic development of the country
Published August 23, 2023

ISLAMABAD: Federal Minister for Commerce and Industries Dr Gohar Ejaz has proposed to establish “business parks” in major cities in a bid to consolidate Pakistan’s global trade connections.

Dr Ejaz took to Twitter and stated that suggestions have been sought from the business community as these parks would prove vital in the economic development of the country.

An official statement issued by the ministry noted that these parks or facilitation centres for traders would be designed to serve as hubs for foreign traders, enhancing trade relationships and driving economic growth.

He said this during a meeting held on Tuesday, where he met with prominent exporters and traders Fawad Mukhtar, CEO of Fatima Fertiliser, Anwaar Ahmad Ghani, CEO of Ghani Glass Ltd, Mian M Ahsan US apparel and denim, Fawad Javaid, Din Textile, Faisal Afridi, Haier Appliances, to discuss his vision.

Gohar assumes charge with $80bn export goal on mind

The minister reiterated his determination to explore every avenue possible to realise Pakistan’s export potential. Dr Ejaz observed that the proposed business parks would be poised as vital stepping stones in realising Pakistan’s economic growth and prosperity on the global stage.

With a focus on immediate solutions, the establishment of buying houses or the utilisation of rental buildings managed by the local business community also came under discussion. These measures would aim at addressing the pressing need for the facilitation of foreign traders.

Expressing his resolute commitment to increasing the country’s exports, Dr Ejaz emphasized the necessity to adopt a strategic approach. The minister proposed targeting specific countries according to their respective sectors, thus maximising the impact of Pakistan’s export efforts.

This tailored strategy, he believes, will yield more favourable results and enhance Pakistan’s global trade relationships. Promising the full support of the government to the business community, the minister assured that their concerns and challenges will be effectively addressed.

To facilitate Pakistani entrepreneurs on the international stage, he directed relevant authorities to ensure comprehensive assistance through the ministry’s trade and investment officers posted in missions abroad.

During the meeting, establishing efficient banking channels to facilitate seamless trade, particularly with Central Asian countries were also discussed. He said that the government’s focus on fostering strong economic ties with these nations reflects the government’s commitment to expanding Pakistan’s trade horizons.

As the proposal to establish business parks gains momentum, Dr Ejaz’s vision stands poised to redefine Pakistan’s trade landscape. With the support of the business community and strategic government initiatives, this ambitious endeavour holds the promise of bolstering the nation’s economic prowess and global trade stature, said an official statement issued by the ministry.

Copyright Business Recorder, 2023


Comments are closed.

Awami Aug 23, 2023 06:00am
This idea of Business parks in major cities is good idea.
thumb_up Recommended (0)
Syed Tanwir Hasan Aug 23, 2023 07:25am
Very good idea that needs immediate implementation.
thumb_up Recommended (0)
Ash Chak Aug 23, 2023 08:30am
Sans exportable goods, these centers will become Import Centers. More cosmetic whitewash from the rulers. Just like the SpecialInvestment Facilitation Council.
thumb_up Recommended (0)
Tulukan Mairandi Aug 23, 2023 09:01am
Next to the jihadi madrassa parks?
thumb_up Recommended (0)
Love Your Country Aug 23, 2023 09:58am
This isn't a short term measure so it's not in the brief of the "interim" govt. Why bring it up?
thumb_up Recommended (0)
Tariq Qurashi Aug 23, 2023 10:22am
This is a good idea, and I commend Dr. Ejaz's commitment to increase exports. However he needs to note that the regulatory environment at present is not investor friendly, and as I mentioned earlier, he needs to study Manmohan Singh's reforms in India which made the Indian economy take-off. The government needs to implement something similar here. Also we have Export Processing Zones, that have not really been given priority; some have not yet been built. Also IT parks where there is reliable High Speed internet and no load shedding have been promised for years, but nothing has happened. Increasing our exports is the only way we will get out of this economic mess, so I wish him the best of luck.
thumb_up Recommended (0)
Arif Aug 23, 2023 10:27am
Old idea which has been put in a new bottle multiple times . What other idea will come out of Lake city owner ? I am sure he and his buddies already have bought land .
thumb_up Recommended (0)
Ather Nizami Aug 23, 2023 10:30am
The idea introduced by Dr. Gohar Ejaz is a step to boost Pakistan's sleeping economy and bring our country on international level which was once blooming globally. I wish Dr. Gohar all success on his endeavor and the business comminity should help him in his ambitious plans for the country.
thumb_up Recommended (0)
Nasim Aug 23, 2023 10:54am
Floating idea is Sheikh Chilli business in practice for past 76 years!
thumb_up Recommended (0)
ABZ Aug 23, 2023 11:43am
I personally find this Article very funny actually... I mean since 1963 Pakistan is having industrial parks which are actually similar to business parks... The first every park was Sindh Industrial Estate (SITE) as somehow Karachi being a major port invites more modern and advanced ideas .. as they have always been in the forefront... Similarly Mr. Shahbaz Sharif took an excellent step of creating a Knowledge Park in Lahore. I personally thing it was the most modern idea... His vision was far beyond a normal thought...... While in previous government tenure, the, focus was on Technology parks..... The funny part is that either the gentleman needs clarity as to what Business Parks are (and their existing operations in Pakistan) or there is something that people don't know about Business Parks as what they are.....
thumb_up Recommended (0)
Abdul Sheikh Aug 23, 2023 01:31pm
Garbage in Garbage out.
thumb_up Recommended (0)
Ali Aug 23, 2023 01:52pm
What could be our "Globe trade connection", when we don't produce anything. Just another idea to grab prized city land for cronies.
thumb_up Recommended (0)
Asif Aug 23, 2023 04:14pm
Caretaker Minister should focus only on on-going initiatives. He has no mandate to dream and talk about unrealistic figures of 80bn $ exports.
thumb_up Recommended (0)
Sarfaraz Aug 23, 2023 05:19pm
Need of the day and need on fast track based on next available 4 to 6 months of this country. Let textile sector bring hope to this country by getting forex earnings in this hour of need for our country, InshaAllah
thumb_up Recommended (0)