Minister for Commerce Jam Kamal and Federal Minister for Privatisation, Board of Investment and Communications Abdul Aleem Khan discussed the current economic situation of Pakistan.
The meeting aimed to review and strategize around key economic issues and initiatives.
Minister Kamal provided a comprehensive update on the country's trade situation, highlighting both challenges and opportunities in domestic exports. He emphasized the importance of bolstering export activities to enhance the economic stability of Pakistan.
On the other hand, Abdul Aleem Khan highlighted the progress in the government’s privatization program.
He outlined the steps taken towards privatizing various state-owned enterprises, stressing how this initiative could play a crucial role in revitalizing the country's economy. The privatization efforts are seen as a way to reduce the financial burden on the government and improve efficiency within these enterprises.
Earlier, the Federal Minister for Commerce and the Federal Minister for Communication jointly chaired a cabinet committee focused on enhancing the presence of Pakistani enterprises in global markets.
The committee is dedicated to developing strategic recommendations for Prime Minister Shehbaz Sharif, leveraging insights from various industry sectors.
In his remarks, Commerce Minister Jam Kamal emphasized Pakistan's skilled workforce and competitive labor costs, underscoring the country's potential in diverse sectors. The initiative targets key opportunities in engineering, construction, services, IT, and other industries, with a strategic plan to leverage both domestic and international exhibitions supported by Trade and Investment Officers.
The committee placed a strong emphasis on fostering international collaborations and maximizing market opportunities for Pakistani businesses. The overarching goal is to enhance Pakistan's global market presence and stimulate economic growth.
Prime Minister Shehbaz Sharif established the committee to explore export opportunities and assess the potential of Pakistani companies. The next meeting is scheduled for the first week of June, where further recommendations and strategies will be discussed.
