Madagascar to invest $100m in Pakistan as trade ties deepen

July 17, 2025 (MLN): Pakistan is set to receive up to $100 million in investment from the Madagascar International Chamber of Commerce and Industry, aimed at strengthening trade cooperation.

This will be done through joint ventures in sectors such as agriculture, mining, infrastructure, logistics, and trade facilitation, said a press release issued yesterday.

Addressing the ceremony on “Digital Transformation in Trade” organized by Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in collaboration with Digital Essentials Pakistan, Minister for Board of Investment Qaiser Ahmed Sheikh emphasized the importance of an export-led economy for national economic improvement.

He stated that this approach aligns closely with the Prime Minister’s vision to significantly boost Pakistani exports.

To achieve this goal, the government is prioritizing joint ventures with international business communities.

The Minister praised FPCCI for promoting young entrepreneurs and emphasized the need for collaboration to drive Pakistan’s economic advancement.

To note Pakistan’s exports rose to $2.67 billion in May, reflecting a 22.9% MoM increase, showing early signs of recovery after a slow start to the year. However, the trade deficit remains wide, with imports at $5.27bn during the same month.

Lubna Ali, Chief Executive of Digital Essentials Pakistan, called attention to the urgent need for greater women's participation in trade.

She pointed out that less than one percent of women in Pakistan is currently involved in the sector.

She advocated for digitalization and government-level awareness initiatives to encourage inclusive trade growth.

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