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Reading:Pakistan Promotes its 5Es National Economic Transformation Plan
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Home - News Asia - Pakistan Promotes its 5Es National Economic Transformation Plan

News Asia

Pakistan Promotes its 5Es National Economic Transformation Plan

Jeff Tomas
Last updated: January 24, 2025 3:08 am
Jeff Tomas- Freelance Journalist
12 months ago
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Pakistan OICCI Meeting
Federal Minister for Planning, Development, and Special Initiatives, Mr. Ahsan Iqbal, visited the Overseas Investors Chamber of Commerce and Industry (OICCI)
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Pakistan’s Federal Minister for Planning, Development, and Special Initiatives, Mr. Ahsan Iqbal, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) for an interactive session with foreign investors and business leaders.

The session focused on the government’s initiatives to stabilize the economy and enable a conducive business environment in Pakistan.

During the session, Mr Ahsan Iqbal provided an in-depth overview of the government’s economic agenda, highlighting Uraan Pakistan – The 5Es National Economic Transformation Plan. He reaffirmed the government’s commitment to reforms to address investor challenges and foster sustainable growth.

“The government is committed to ensuring economic stability and fostering a predictable policy environment for investors,” said Mr Ahsan Iqbal. “Through initiatives like Uraan Pakistan, we aim to unlock the country’s potential and transform it into a hub for innovation and investment.”

He also highly appreciated the contribution of leading foreign investors, particularly OICCI members, who have played a pivotal role in Pakistan’s economic development. Over the past decade, they have re-invested $23 billion while leading the transfer of best practices to the country.

Mr. Yousaf Hussain, President of OICCI, commended the government’s efforts to stabilize the economy and foster a business-friendly environment for foreign investors. “Focusing on structural reforms and economic revival is a positive step forward. We remain optimistic and look forward to continued collaboration to further strengthen Pakistan’s position as an investment destination,” he stated.

M. Abdul Aleem, Secretary-General of OICCI, acknowledged the progress made and stressed the importance of policy continuity to maintain investor confidence. “While the initiatives undertaken by the government are commendable, it is crucial to ensure policy consistency.

We urge the government to actively engage with key stakeholders like OICCI members to maximize the impact of these initiatives,” he remarked.

Foreign investors also shared their perspectives on navigating challenges in Pakistan and provided recommendations to enhance the ease of doing business. The dialogue reinforced the need for constructive engagement between the government and the private sector to build a sustainable economic future.

Related News:

Pakistan and China Sign $250 Million MoUs to Boost Medical and Surgical Trade.

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ByJeff Tomas
Freelance Journalist
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Jeff Tomas is an award winning journalist known for his sharp insights and no-nonsense reporting style. Over the years he has worked for Reuters and the Canadian Press covering everything from political scandals to human interest stories. He brings a clear and direct approach to his work.
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