TIOs Urged to Consider FPCCI’s Trade Data and Sectoral Potential
Published on: January 20, 2024.
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FPCCI Urges Trade & Investment Officers to Collaborate for Economic Growth
The President of FPCCI, Atif Ikram Sheikh, has emphasized the need for effective communication and collaboration between the newly-appointed trade & investment officers (TIOs) and the business community. He believes that this partnership is crucial for unlocking the true potential of Pakistan in trade and investments. To achieve this, FPCCI has proposed that the TIOs should work closely with FPCCI to access trade data, research, and sectoral potential.
Sheikh stated that in the past, Pakistan’s trade officers have not fully supported the business community in realizing the country’s trade and investment potential. However, he expressed confidence that by leveraging the insights and expertise of the private sector, the TIOs can play a vital role in accelerating exports and attracting investments to Pakistan.
FPCCI plans to establish an up-to-date database of all businesses in Pakistan to enable TIOs to easily access relevant information and guide them towards potential opportunities. This database will also assist international importers in identifying potential exporters from Pakistan.
FPCCI Senior Vice President, Saquib Fayyaz Magoon, further proposed that trade missions and TIOs should regularly share reports and data with FPCCI. This exchange of information will allow FPCCI to provide valuable research-based inputs on export potential and market conditions in different countries and cities.
In response to FPCCI’s recommendations, the delegation of TIOs agreed on the importance of specific sector-wise recommendations and data to attract investment to Pakistan. They also acknowledged FPCCI’s ability to facilitate connections with various chambers, associations, and trade bodies in the country.
Looking ahead, FPCCI and TIOs aim to strengthen their collaboration by leveraging FPCCI’s linkages, MoUs, and working relationships with chambers worldwide. By joining forces, they believe they can make significant strides in promoting trade and investment for the benefit of Pakistan’s economy.
Source: Business Recorder
