Privatization Minister urges private sector to drive national export growth

April 16, 2024 (MLN): The private sector should step forward to explore new opportunities in various fields that can boost the export rate at the national level and also enhance foreign reserves, thereby stabilizing the national economy, Federal Minister for Privatization, Board of Investment and Communications Abdul Aleem Khan stated.

While presiding over an important meeting of the business community and investors at the Governor House Karachi, the Federal Minister stressed the need to take special measures, especially in view of Pak-Saudi investment and export agreements.

Abdul Aleem Khan said that for export purposes the government has to enhance its capacity of working in the export sector which would ultimately help us to create more jobs through investment.

Federal Minister Abdul Aleem Khan urged the private sector to find new opportunities to invest domestically and abroad, for which the Government will provide them with all possible facilities.

Federal Minister welcomed the visit of a high-level delegation from Kingdom of Saudi Arabia.

He expressed the hope that the private sector will take full advantage of this opportunity, which will also boost bilateral trade between Saudi Arabia and Pakistan.

In the meeting, Federal Secretary Commerce Saleh Farooqui gave a briefing regarding our present export situation.

He said that there is a wide scope in the fields of Agriculture, Textiles, Information Technology, Pharmaceuticals, Mobiles, Sports equipment, Minerals and other sectors.

The meeting was attended by important business personalities, investors and leaders of the business community who announced their full support from the present Government.

The participants also expressed their commitment that they will fully cooperate with the high-level delegation from Saudi Arabia and efforts will be made to increase Pakistan's exports as much as possible.

Chief Executive of the Trade Development Authority of Pakistan Zubair Motiwala also specially attended the meeting.

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