Abdul Aleem Khan speaks about emerging positive results from recent investment initiatives, citing the participation of international investors in Karachi as evidence of progress
ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan, has emphasized that the arrival of 800 companies from 70 countries to Pakistan marks a significant boost to the country’s international market presence. Speaking at the 9th Footwear Manufacturers Association Show, Khan expressed optimism about the positive trends in foreign investment and the potential for enhanced economic growth.
The Federal Minister for Board of Investment, Privatization, and Communications, Abdul Aleem Khan, along with Khan, highlighted the government’s commitment to increasing investment in Pakistan. Khan noted, “The participation of 800 companies from over 70 countries is a promising sign and an encouraging development for Pakistan’s global economic standing.”
The ministers discussed ongoing efforts to tackle key issues impacting commercial activities, including the energy crisis and regulatory challenges with the Federal Board of Revenue (FBR). Khan underscored the importance of addressing these issues to foster a more favorable business environment.
Abdul Aleem Khan also spoke about the emerging positive results from recent investment initiatives, citing the participation of international investors in Karachi as evidence of progress. He urged Pakistani companies to effectively market their brands internationally and adapt to competitive global standards. Khan also highlighted the collaboration between Pakistani and Chinese companies, noting mutual investment opportunities and the Board of Investment’s role in facilitating these partnerships.
Khan elaborated on the potential for bilateral trade between China and Pakistan, stating that both countries could benefit significantly from each other’s markets. The Ministry of Commerce is actively supporting investors from both nations, in line with directives from the Prime Minister.
During the event, Federal Ministers Abdul Aleem Khan and Jam Kamal Khan inspected exhibits at the Footwear and Manufacturers Show, showcasing the high standards of Pakistani products. They also participated in a B2B meeting between Chinese and Pakistani companies, where they discussed the benefits of the Prime Minister’s recent visit to China and the increased presence of Commercial and Trade Officers at the Pakistani Embassy in China.
In a media briefing, Abdul Aleem Khan provided updates on the privatization of Pakistan International Airlines (PIA), stating that six companies have been shortlisted for the process. He projected that the privatization would address the airline’s substantial financial losses and improve its service standards.
Khan emphasized that the government’s strategy is to privatize state-owned enterprises operating at a deficit, as private institutions are better suited for business operations than the government. This approach aims to enhance efficiency and reduce the financial burden on the state. Overall, the ministers’ statements reflect the government’s proactive approach to enhancing investment, fostering international trade, and addressing economic challenges.
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