Pakistan-ASEAN Trade Grows, But Export Decline Raises Concerns

Pakistan-ASEAN trade increases, but declining Pakistani exports are concerning. New opportunities needed.

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پاکستان اور آسیان تجارت میں اضافہ، برآمدات میں کمی تشویشناک

Karachi: (RightNow) The Federation of Pakistan Chambers of Commerce and Industry hosted a Pakistan-ASEAN business roundtable. Ambassadors and business leaders from ASEAN countries participated.

Saqib Fayyaz Magoon highlighted bilateral trade at $11 to $12 billion, with exports below $1.5 billion. He emphasized the need to boost trade.

He stated that cooperation in IT, agriculture, and the halal industry can be enhanced. Pakistan can provide access to Central Asia.

Pakistan offers vast investment opportunities. Special economic zones under CPEC offer tax incentives. Opportunities exist in mining, IT, and agriculture.

It is noteworthy that efforts have been ongoing to promote mutual trade between Pakistan and ASEAN countries. Proposals for joint business forums and trade expos have been suggested.

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