Interim commerce minister proposes ‘business parks’ to boost trade

ISLAMABAD: Caretaker Commerce and Industries Minister Dr Gohar Ejaz has put forward a proposal to establish “business parks” in major cities across Pakistan in an effort to strengthen the country’s global trade ties.

The minister took to X (formerly Twitter) to announce the plan and indicated that input is being sought from the business community, emphasising the significance of these parks in the nation’s economic progress.

اسلام اباد اگست 22 ,2023:

نگران وزیر تجارت و صنعت کی ممتاز ایکسپورٹرز اور تاجروں سے ملاقات.

تجارت کو بڑھانے کے لیے ملک میں بزنس پارکس کے قیام کی اعلان۔

پاکستان کے عالمی تجارتی رابطوں کو مستحکم کرنے کے لیے بڑے شہروں میں بزنس پارکس قائم کرنے کا پلان۔
1/4 pic.twitter.com/fDS6Z2lb67

— Dr Gohar Ejaz (@Gohar_Ejaz1) August 22, 2023

The concept behind these proposed business parks or facilitation centers is to create hubs that cater to foreign traders, fostering enhanced trade relationships and driving economic growth. During a recent meeting with prominent exporters and traders, including CEOs of various companies, the minister discussed his vision to tap into Pakistan’s export potential.

Dr Ejaz encouraged the exploration of every avenue to boost exports, suggesting immediate solutions such as establishing buying houses or utilizing rental buildings managed by the local business community. These measures could address the pressing need for facilitating foreign traders.

The minister’s strategic approach involves targeting specific countries based on their respective sectors to maximise the impact of Pakistan’s export efforts. He believes that tailoring the strategy to each country’s strengths will yield more favorable outcomes and strengthen Pakistan’s global trade ties.

Dr Ejaz assured full government support to the business community, addressing their concerns and challenges. He directed relevant authorities to provide comprehensive assistance through the ministry’s trade and investment officers stationed in foreign missions.

Efficient banking channels to facilitate seamless trade, particularly with Central Asian countries, were also discussed during the meeting.

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