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Caretaker Commerce Minister Unveils Ambitious Plan for Business Parks to Boost Global Trade and Economic Growth

Date: August 22, 2023

Federal Minister for Commerce and Industries & Production, Gohar Ejaz, has introduced a strategic proposition aimed at solidifying Pakistan’s global trade network through the establishment of Business Parks in major cities.

During a recent meeting with prominent exporters and traders, Minister Ejaz highlighted the significance of these proposed parks as facilitation centers for traders, set to serve as central points for foreign traders. This initiative seeks to amplify trade relationships and stimulate economic growth.

Among the attendees were influential figures such as Fawad Mukhtar of Fatima Fertilizer, Anwaar Ahmad Ghani of Ghani Glass Ltd, Mian M Ahsan of US Apparel, Shahid Soorty of Soorty Textile, Fawad Javaid of Din Textile, and Faisal Afridi of Haier Appliances.

Minister Ejaz reaffirmed his unwavering commitment to exploring all avenues to unlock Pakistan’s export potential. He underscored that the proposed Business Parks hold the key to realizing the nation’s economic growth aspirations.

With an eye on immediate solutions, discussions included the establishment of buying houses and leveraging rental properties managed by the local business community. These initiatives aim to address the urgent need to facilitate foreign traders.

Emphasizing the commitment to boost exports, Ejaz stressed the importance of adopting a strategic approach. He proposed a targeted approach by focusing on specific countries according to their respective sectors, optimizing Pakistan’s export endeavors.

To empower Pakistani entrepreneurs globally, he directed relevant authorities to provide comprehensive support through the ministry’s Trade and Investment officers stationed in missions abroad.

The meeting also addressed the establishment of efficient banking channels to facilitate seamless trade, particularly with Central Asian countries. This initiative aligns with the government’s dedication to nurturing robust economic ties with these nations and expanding Pakistan’s trade horizons.

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