No Result
View All Result
Monday, June 30, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

    Sardaar Ji 3

    ‘Sardaar Ji 3’ outperforms Salman Khan’s ‘Sultan’ on opening day

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

    Sardaar Ji 3

    ‘Sardaar Ji 3’ outperforms Salman Khan’s ‘Sultan’ on opening day

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

President FPCCI stresses on exploring new markets for trade diversification

MM News Staff by MM News Staff
January 3, 2022
FPCCI President said  65 percent of Pakistan's trade is with only 10 countries. Source: APP.

FPCCI President said  65 percent of Pakistan's trade is with only 10 countries. Source: APP.

ISLAMABAD: Newly-elected president of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has said acquiring new potential markets for trade diversification through modern tools is essential to increase the country’s exports.

“Without re-establishing trade ties with emerging markets, including Russia, Central Asian region, Africa, Turkey, South East Asian Nations (ASEAN) and regional trade integration, the country’s economy will not improve,” said President FPCCI Irfan Iqbal Sheikh.

He said that by focusing on the following sectors including textile value addition, export in Information Technology (IT), alternative energy sector, housing sector, Halal food market, tourism sector, agriculture sector, gems and jewelry sector, research and development, the country’s exports can go beyond their potential.

He said that at present 65 percent of Pakistan’s trade is with only 10 countries in which trade volume with regional and friendly countries is almost non-existent. He said that acquisition of new markets, geographical, regional and countries trade diversification is essential to take our exports to the top.

He said that Pakistan has a lot of potential in the field of Information Technology and can increase annual exports up to $5 billion while current IT exports are $2.5 billion.

President FPCCI said that India is exporting up to $110 billion in the same sector and thus Pakistan’s exports should exceed the market volume of $25 billion compared to India.

Connect with Silicon Valley

“We have to connect with Silicon Valley,” he said. He said that software houses would have to set up their liaison offices in California so that they could lobby and become part of the global trade in information technology and increase domestic exports.

Irfan Sheikh said that at present the country needs to pay more attention to the agriculture sector as the use of modern technology and tools can increase the yield per acre.

He said that getting good seeds and setting up crop patterns in agriculture is a big challenge and maize and sugarcane are now replacing cotton which has affected cotton production. He said that without value addition in the agriculture sector and development of agro-industries “we would not be able to develop our economy better.”

President FPCCI said the Halal food industry currently has a market of 1.2 trillion in the world in which Pakistan’s trade is only 0.6 billion. While Muslim countries including Pakistan have no significant share in the Halal food market, Brazil dominates the market with 27 percent, Australia with 13 percent, India with 13 percent, and USA with 12.8 percent.

He said that we need to work on alternative energy which is providing better opportunities for energy production in the country. “Right now we need to go to hydel and the current government is doing a lot of work in this area,” he said.

The Diamer-Bhasha Dam, Neelam-Jhelum, and Dasu hydel projects are the best projects of the present government. He informed that once these projects are completed, our industrial sector will be in a position to compete with the regional economy in cost of business and exports will increase.

President FPCCI said that the tourism sector has a potential of billions of dollars at present which could strengthen the country’s economy.

He reiterated his commitment to set up a research wing in the Federation Chamber of Commerce which will make recommendations to the government on improving the economy and provide proposals in the coming budget 2022-23. In this regard, a research wing will be set up in the Federation Chamber and Commerce with PhD doctors and technocrats.

ShareTweetSendShare
Previous Post

Mohammad Hafeez retires from international cricket

Next Post

Twitterati love last episode of ‘Hum Kahan Ke Sachay Thay’

Related Stories

(File)
Business & Stock

Gold price increases Rs800 per tola

June 30, 2025
(File Photo)
Business & Stock

PSX crosses 125,000 points amid economic optimism

June 30, 2025
Business & Stock

Saudi Riyal to PKR rate today – June 30, 2025

June 30, 2025
Forex rates in Pakistan today
Business & Stock

Forex rates in Pakistan on Monday – June 30, 2025

June 30, 2025
Business & Stock

Pakistan secures $3.4 billion loan extension from China

June 30, 2025
file photo
Business & Stock

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Latest prices of solar panels in Pakistan – June 2025

June 29, 2025
State Bank
Business & Stock

Pakistan sees significant rise in digital payments: State Bank

June 29, 2025
file photo
Business & Stock

Petroleum consumers to pay Rs2.50 per litre climate levy from July 1st

June 29, 2025
Representative image
Business & Stock

Latest forex rates in Pakistan today- June 29, 2025

June 29, 2025
Next Post
Hum Kahan Ke Sachay Thay is about delving into relationships, love, hate and compromises, besides throwing light and giving a deep insight into family politics (Reviewit)

Twitterati love last episode of 'Hum Kahan Ke Sachay Thay'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

(File)
Business & Stock

Gold price increases Rs800 per tola

by MM News Staff
June 30, 2025
FILE/ People rally demanding the release of Aafia Siddiqui, who was convicted in February 2010 of two counts of attempted murder. The man who authorities say was holding hostages inside a Texas synagogue on Saturday, Jan. 15, 2022, demanded her release.Fareed Khan/The Associated Press
Top News

Pakistan refuses to become a party in Aafia Siddiqui case in US

by MM News Staff
June 30, 2025
Ahmed Iqbal, Hanzila Bin Younas, Khalil Ur Rehman, and Abdullah Asif (Image: PTV)
Thought Box

Pakistani students win Google Challenge Award 2025 for satellite analysis tool

by MM News Staff
June 30, 2025
(Representational Image)
Crime

Karachi TikToker siblings arrested in Rs130 million robbery case

by MM News Staff
June 30, 2025
(File Photo)
Sports

Azhar Mahmood appointed as Pakistan’s interim Test coach

by MM News Staff
June 30, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

(File Photo)
Top News

Weather forecast for Karachi today

by MM News Staff
June 30, 2025

The Pakistan Meteorological Department (PMD) has predicted partly cloudy and humid weather for Karachi...

Rain

Monsoon showers hit Karachi, more rain expected in coming hours

June 28, 2025
file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
See all

Prices

(File)
Business & Stock

Gold price increases Rs800 per tola

by MM News Staff
June 30, 2025

Gold prices in Pakistan rose on Monday, echoing upward trends in the international market....

Rs1.15 per unit cut likely in power tariff

June 30, 2025
Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)

Latest prices of solar panels in Pakistan – June 2025

June 29, 2025
representative image

Latest gold prices in Pakistan today- June 29, 2025

June 29, 2025
See all

Transport News

(APP)
Transport

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

by MM News Staff
June 29, 2025

The Punjab government has approved a record-breaking development package worth Rs.150.0 billion for Rawalpindi...

file photo

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Maryam Nawaz

Maryam Nawaz orders 240 electric buses for South Punjab districts

June 28, 2025

Two planes avoid major accidents following bird strikes at Karachi airport

June 27, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.