FPCCI pushes for Commonwealth pact

Sheikh highlights opportunities for Pakistani businesses in trade, investment

KARACHI:

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh, stressed the importance of Pakistan considering the 56-country Commonwealth’s global grouping, boasting a combined GDP of $13 trillion, as an economic alliance. He highlighted the potential benefits for investment, economic cooperation, and exports, particularly emphasising the rapid growth of the middle class within Commonwealth countries, which serves as a key driver of consumption and import demand.

Chief Executive of the Commonwealth Enterprise & Investment Council (CWEIC), Rosie Glazebrook, visited the FPCCI head office in Karachi to discuss business, investment, and trade opportunities among Commonwealth nations and their relevance to Pakistan. The CWEIC currently has over 150 corporate strategic partners. Sheikh noted that Pakistani companies have the potential to join this group across diverse sectors and industries. Glazebrook invited Pakistani companies to participate in the upcoming Commonwealth Business Forum (CBF) 2024, scheduled for October this year, aimed at fostering B2B, B2G linkages.

Published in The Express Tribune, May 8^th, 2024.

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