27.9 C
Karachi
Tuesday, October 13, 2026

Buy now

D-8 Urges Greater Private Sector Role to Achieve $500 Billion Trade Target by 2030

FPCCI, D-8 Leaders Discuss Expanding Intra-Regional Trade and Business Connectivity

D-8 Secretary-General Ambassador Sohail Mahmood has called for a stronger role for the private sector in boosting economic integration among member countries and achieving the organization’s target of increasing intra-D-8 trade to $500 billion by 2030. Speaking at an FPCCI-hosted session in Islamabad, he stressed the need for closer collaboration between governments, chambers of commerce, and businesses to unlock the bloc’s economic potential.

ALSO READ  Father Fatally Shoots Son Over Hosting Political Party Flag

SBP Governor: Pakistan’s External Debt Servicing Drops to $21.5B in FY27 from $26.5B in FY26

The event brought together business leaders, government officials, diplomats, exporters, and industry representatives from D-8 member states to discuss ways to expand regional trade and investment. Participants emphasized the importance of implementing the D-8 Preferential Trade Agreement, improving banking connectivity, promoting business-to-business partnerships, simplifying visa procedures, and strengthening digital platforms to facilitate trade.

ALSO READ  Alibaba.com Launches Verified Supplier Membership in Pakistan

Ambassador Sohail Mahmood noted that the D-8 bloc represents 1.3 billion people, a combined GDP of more than $5 trillion, and current intra-bloc trade of around $160 billion. The D-8 Secretariat reaffirmed its commitment to supporting member states through improved customs coordination, digital integration, and stronger cross-border trade systems to help achieve the organization’s long-term economic goals.

WebDesk
WebDeskhttps://technologyplus.pk/
TechnologyPlus PK (English/Urdu) is an emerging website in Pakistan. It covers specially tech/telecom news, startups, business and also covering general business news. Keep in touch.

Related Articles

Stay Connected

58,000FansLike
1,850FollowersFollow
250FollowersFollow
1,800FollowersFollow
560FollowersFollow
750SubscribersSubscribe

Latest Articles