ISLAMABAD, November 21, 2024 – Federal Minister for Commerce Jam Kamal Khan presided over a key meeting to assess Pakistan’s quarterly trade performance, underlining the critical need for immediate execution of an export-led growth strategy to stabilize and strengthen the national economy.
Commerce Ministry officials presented an in-depth analysis of trade metrics, spotlighting performance with key international partners and identifying untapped export destinations. The briefing highlighted newly introduced export products and practical measures to expand market access, addressing barriers that hinder Pakistani goods from reaching global markets.
The session also delved into external factors such as global economic volatility and geopolitical tensions, which continue to pose challenges to trade growth. Proposals to navigate these obstacles and ensure consistent export performance were shared with the minister.
Commending the ministry’s efforts, Jam Kamal reiterated the importance of fostering an export-driven economy to achieve sustainable growth. “Exports are the backbone of our economic strategy, and success requires proactive collaboration between federal departments, provincial authorities, and private sector stakeholders,” he said.
He stressed that the time for action is now, urging all sectors to align their efforts with the Prime Minister’s vision of an export-oriented economy. “Our global market share must increase, and our exports need to power Pakistan’s economic resurgence. This demands swift and decisive execution of our trade strategies,” he added.
The minister called for a unified national approach, emphasizing the need to resolve trade barriers and seize emerging global opportunities. The meeting concluded with a renewed commitment to accelerating reforms, diversifying export portfolios, and enhancing Pakistan’s competitiveness on the world stage.
Key Takeaways:
- Focus on export diversification and expanded market access.
- Strategies to mitigate external risks like economic downturns and geopolitical issues.
- Collaborative efforts among stakeholders to unlock Pakistan’s trade potential.
- Execution of a cohesive export-led strategy for sustainable economic growth.
This marks another step in aligning Pakistan’s trade policy with its broader economic goals, setting the stage for a stronger presence in global markets.
