{"id":37253,"date":"2024-11-14T00:01:23","date_gmt":"2024-11-14T00:01:23","guid":{"rendered":"https:\/\/pakistanintheworld.pk\/live\/?p=37253"},"modified":"2024-11-14T00:01:23","modified_gmt":"2024-11-14T00:01:23","slug":"fpcci-standing-committee-on-diplomatic-relations-meets-to-discuss-exports-fdi-promotion-in-pakistan","status":"publish","type":"post","link":"https:\/\/pakistanintheworld.pk\/live\/fpcci-standing-committee-on-diplomatic-relations-meets-to-discuss-exports-fdi-promotion-in-pakistan\/","title":{"rendered":"FPCCI Standing Committee on Diplomatic Relations Meets to Discuss Exports, FDI Promotion in Pakistan"},"content":{"rendered":"
\"\"Pakistan in the World Report\u00a0<\/strong>
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The Standing Committee on <\/span>diplomatic relations\u00a0 of Federation of Pakistan Chambers of Commerce and Industry FPCCI <\/span>called by the Convener Dr Afshan Malik met here at Islamabad Office on 11 Nov 2024. The members of the committee discussed the prospects of enhancing the exports of Pakistan by forging B2B contacts with the international community.
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President of the Committee Mr. Karim Aziz Malik Chaired the meeting while <\/span>Mr. Marcel Schroder, Country Economist, Asian Development Bank, Central and West Asia Department was invited as the guest of honor. Director Special Investment Facilitation Council SIFC, Nighat Ahsan was also present. Senior Office Bearer of FPCCI Islamabad Malik Sohail Hussain also attended the meeting.
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Mr. Marcel Schroder shared that\u00a0 <\/span>Asian Development Bank was preparing next 5 years program for Pakistan that will start from 2026 and will be completed in 2023. Responding to the questions of the members , he said, ” ADB is working with Pakistan on energy, power transmission infrastructure, transport sectors for last many years. \"\"<\/span><\/h5>\n
The participants presented suggestions on how to overcome the tight situation of businesses and enhancing the exports to raise foreign currency for the country. They suggested the improvement of law and order and rationalization of electricity prices to attract the foreign investment as well as increase the volume of exports.
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Senior members of FPCCI also joined the discussion and shared their views on the topic. They were of the view that in the present state of affairs , the industrialists are not able to complete the orders from abroad.<\/h5>\n
High rates of electricity and fuel gas have left them in the lurch. It is impossible to run the factories with high rates of energy. Moreover their productions can not compete in international markets for prices higher than the others due to inflated bills and the taxes imposed on manufacturing sector.\"\"<\/h5>\n
Mr. Tazeen Akhtar, Editor Diplomatic International Journal “Pakistan in the World” also expressed his opinion as an expert on foreign relations and domestic politics. He noted Political instability\/ polarization, Social anxiety due to destabilized market\/ indifference of authorities to the miseries of the public, sky rocketing prices, deteriorating buying power of the public, Law & Order, Terrorism, Lack of Digitization with restrictions on Internet, Road blockades in the name of security as key elements for economic crisis, financial decline, closure and shifting of the industry to other countries.<\/h5>\n
He questioned what our policy makers want to do actually? Do they need increase in exports? If yes! why they are doing everything against the foreign direct investments or promotion of exports? He noted that we need to first clear our minds on DOs and DONTs then try to attract the world to work with us.<\/h5>\n

Pakistan in the World \u2013 Aug \/ Sep 2024<\/a><\/p><\/blockquote>\n