The World News AM
Friday, May 16, 2025
  • Login
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
The World News AM
No Result
View All Result
Home Business

Pakistan must bridge trade gap with African countries : Minister for Industries

WNAM: by WNAM:
April 21, 2025
in Business
0
Pakistan must bridge trade gap with African countries : Minister for Industries
0
SHARES
7
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

LAHORE ( WNAM REPORT ): Punjab Minister for Industries and Commerce Chaudhry Shafay Hussain said on Sunday that Pakistan must bridge the trade gap with African countries as it was time to enhance trade volume.

He was addressing as chief guest at a reception held in honour of ministers and business community representatives from African countries here at Pakistan State Guest House. The event was jointly organised by Africa House Pakistan and the Ministry of Foreign Affairs. The reception was also attended by Chairman Africa House Muhammad Rehan Younus, Ambassador Hamid Asghar Khan, Uganda’s Minister of Agriculture Frederick, and business communities from African countries and Pakistan. The participants also cut a cake to mark the Pakistan-Africa friendship.

Chaudhry Shafay Hussain said that existing investment and trade gap between Pakistan and African countries must be bridged, and the time had come to enhance the trade volume. He stated that foreign investors were given special incentives in Punjab’s Special Economic Zones, and the Punjab welcomes investment from African countries. He added that on the direction of Punjab chief minister, a Garment City is being established to boost the textile sector. Besides local investors, Chinese and other foreign investors are setting up textile industries there. Pakistan and African nations could collaborate in the textile sector. He also shared that a Pharmaceutical Valley is being developed on 130 acres in Quaid-i-Azam Business Park, Sheikhupura.

There is a great potential for investment in textiles, pharmaceuticals, surgical goods, sports goods, and other sector of Punjab. Pakistan and Punjab are rich in mineral resources, and African countries possess expertise in the mining sector. Pakistan can benefit from their expertise, he noted.

Ch Shafay said that Punjab’s conducive environment is attracting foreign investment. A Chinese mobile company has begun establishing a mobile phone manufacturing plant in Faisalabad’s Industrial Estate, which will begin production within two years. Foreign companies producing solar panels and lithium batteries also plan to set up factories in

Uganda’s Minister of Agriculture Frederick shared insights on investment opportunities in Uganda.

Chairman of Africa House Rehan Younus remarked that Africa House served as a gateway for Pakistani industry to  the African market.

Ambassador Hamid Asghar Khan said that efforts were under way to increase trade volume between Pakistan and African countries.

Secretary TDAP Shehryar Khan, President of Lahore Chamber of Commerce and Industry Abuzar Shad and others also addressed the gathering.

ShareTweetShare
WNAM:

WNAM:

Related Posts

Pakistan proposes zero-tariff bilateral trade agreement to US

Pakistan proposes zero-tariff bilateral trade agreement to US

by WNAM:
May 16, 2025
0

ISLAMABAD: Pakistan has proposed a zero-tariff bilateral trade agreement with the United States aimed at expanding trade relations in multiple...

ICCI Office Bearers Celebrate Birthday of Former Vice President Nisar Ahmed Mirza

ICCI Office Bearers Celebrate Birthday of Former Vice President Nisar Ahmed Mirza

by WNAM:
May 15, 2025
0

ISLAMABAD ( WNAM REPORT ):  The Senior Vice President of the Islamabad Chamber of Commerce and Industry (ICCI),  Abdul Rehman...

“Build and Invest Pakistan Expo” in Muscat to Highlight Pakistan’s Economic Strength: Mirza Ikhtiar Baig

“Build and Invest Pakistan Expo” in Muscat to Highlight Pakistan’s Economic Strength: Mirza Ikhtiar Baig

by WNAM:
May 15, 2025
0

ISLAMABAD ( WNAM MONITORING ): Prominent business leader and Member National Assembly Dr. Mirza Ikhtiar Baig has reaffirmed his strong...

RCCI Hosts Taxpayers’ Awareness Session

RCCI Hosts Taxpayers’ Awareness Session

by WNAM:
May 14, 2025
0

The Rawalpindi Chamber of Commerce and Industry (RCCI) successfully organized an awareness session focusing on the Taxpayers Alliance Pakistan (TPAP)...

P&G Pakistan again emerged as ‘Champion’ at OICCI’s Women Empowerment Awards

P&G Pakistan again emerged as ‘Champion’ at OICCI’s Women Empowerment Awards

by WNAM:
May 14, 2025
0

KARACHI ( WNAM REPORT ):  P&G Pakistan has once again emerged as a frontrunner in advancing gender equity, receiving the...

Next Post
Pakistan, Rwanda vow to deepen trade, defence, diplomatic ties

Pakistan, Rwanda vow to deepen trade, defence, diplomatic ties

International experts praise reforms in Uzbekistan

International experts praise reforms in Uzbekistan

  • Home
  • World
  • Gulf
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In