Pakistan’s economic outlook: Opportunities and challenges discussed at seminar

Karachi, September 26 – The German-Pakistan Chamber of Commerce and Industry (GPCCI) and the Consulate General of the Federal Republic of Germany in Karachi organized a seminar on ‘Pakistan’s Economic Outlook – Opportunities and Challenges’ to discuss the current state of the economy and potential areas for growth between Pakistan and Germany. The event provided a platform for businessmen, entrepreneurs, investors, and policymakers to share their experiences and insights on Pakistan’s economic outlook.

Jamil Ahmed Qureshi, Secretary, Special Investment Facilitation Council (SIFC), was the chief guest at the event. In his keynote address, Qureshi shared his experience from the Board of Investment and highlighted the importance of creating a business-friendly environment. He emphasized the need to ease the process of doing business in Pakistan, stating that SIFC was created to provide a one-stop shop for investors and make it easier for them to operate in the country.

Qureshi also spoke about the current collaboration between Pakistan and Germany in various sectors, including agriculture, mining and minerals, energy, IT, and textiles. He expressed hope that the two countries would explore more opportunities for cooperation and emphasized the need to replace “red tapeism” with “red carpet” to attract foreign investment.

The seminar was followed by an in-depth session on Pakistan’s economy by Dr. Amjad Waheed, CEO, NBP Funds who stated that Pakistan’s economic growth depends on solid policies and a favourable business environment. He highlighted the importance of creating a stable and predictable economic environment to attract investment and promote growth.

Tax expert Abdul Qadir Memon called for further reforms to establish a stable and predictable tax system – one essential to attract investment and promote economic growth.

The seminar concluded with a Q&A session, a shield awarding ceremony and networking.