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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.

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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.

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.

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