The 18th My Karachi Exhibition, set to commence at the Expo Centre on March 3, will feature participation from only four countries, a significant decrease from 12 countries in previous years, due to the current global and domestic economic conditions.
Businessmen Group (BMG) Chairman and former Karachi Chamber of Commerce and Industry (KCCI) president Zubair Motiwala announced on Wednesday that preparations were in full swing for the 18th My Karachi – Oasis of Harmony Exhibition 2023. It will kick off on March 3 and conclude on March 5.
An annual event that showcases the latest products and services from various industries organised by the KCCI, it aims to provide a platform for the domestic and international businesses to display their offerings and interact with potential customers.
However, this year’s edition has seen a decline in the number of participating countries to just four owing to the global and Pakistan’s economic scenario.
The impact of economic downturn on global trade has been significant, with many businesses facing financial constraints. This has resulted in reduced participation in events such as the My Karachi expo. Speaking at a press conference at the KCCI Auditorium, the BMG chairman said, “The vision behind staging this mega event is to project and promote the soft and positive image of Karachi. We are expecting immense participation of visitors in this year’s exhibition, which can go up to somewhere between 800,000 and 1 million.”
He remarked that despite the ongoing economic crisis including the constant devaluation of the rupee, delay in Letters of Credit, rising cost of doing business, exorbitant tariffs and skyrocketing inflation, the KCCI decided to hold the exhibition in the same traditional manner.
It was very important to show the world that the business and industrial community of Karachi had remained resilient and continued its battle for survival, he stressed.
“Due to the prevailing situation, international participation in this year’s exhibition has shrunk to four countries which include Indonesia, Thailand, Sri Lanka and the Philippines whereas during previous years, at least 12 countries took part in the event.”
Published in The Express Tribune, February 9th, 2023.
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