WNAM REPORT: Federal Minister for Commerce Jam Kamal Khan represented Pakistan at the 41st Session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organization of Islamic Cooperation (OIC), being held in Istanbul from 1–4 November 2025.
In his opening remarks, Minister Jam Kamal Khan underscored the urgent need for enhanced economic cooperation, digital integration, and sustainable development among OIC member states, describing COMCEC as a vital platform to advance shared prosperity across the Muslim Ummah.
“It is an honor to address this distinguished gathering at a time when the world faces profound economic, political, and environmental challenges,” he stated. “For us in the Islamic world, economic cooperation is not merely about trade—it is about forging stronger bonds of partnership and mutual benefit.”
The minister emphasized that intra-OIC trade and investment must be significantly strengthened to overcome global challenges. Despite immense potential, intra-OIC trade remains below its capacity, largely due to regulatory barriers, limited connectivity, and infrastructural gaps.
He proposed reducing non-tariff barriers, streamlining customs procedures, and harmonizing trade regulations across member states to promote freer movement of goods and services. “Pakistan believes the OIC Trade Agreement should become a real tool for trade liberalization and cross-border facilitation,” he added.
Highlighting Pakistan’s commitment to regional collaboration, the minister called for greater private-sector engagement and public-private partnerships to unlock new avenues for investment and job creation.
Jam Kamal Khan also urged member countries to prioritize digital transformation, particularly in areas like e-commerce, fintech, and digital infrastructure, to expand opportunities for youth and entrepreneurs. “By promoting digital integration, we can enhance market access and create new prospects for innovation and growth,” he noted.
On sustainability, he reiterated Pakistan’s dedication to the UN Sustainable Development Goals (SDGs) and proposed the establishment of an OIC Green Finance Mechanism to fund climate-resilient and renewable-energy projects. “Our economic growth must go hand in hand with environmental stewardship to ensure prosperity for future generations,” he emphasized.
The minister further suggested the creation of an OIC Center of Excellence for knowledge sharing, capacity building, and innovation across sectors such as agriculture, manufacturing, and renewable energy.
Pakistan Delivers Statement on Behalf of the Asia Group
During the same session, Pakistan also delivered a joint statement on behalf of the Asia Group, reaffirming collective commitment to strengthening economic cooperation and advancing digital transformation among OIC countries.
