Friday, 19 April 2024, 11:38:57 pm

Analysts term WEF as key platform to attract foreign investment
January 14, 2024

Mirza Ikhtiyar Baig (Economist): The World Economic Forum is a forum that is constantly significant. Rebuilding Trust is the meeting's focus this year. Leading figures from the banking, international, and corporate sectors are attending the conference. The Caretaker Prime Minister's decision to prioritize attending the conference and interacting with influential figures from the government and business sector on the fringes is a positive development. In order to facilitate foreign investors under one roof, Pakistan established the Special Investment Facilitation Council, which the prime minister would inform the attendees on.

Hamayun Iqbal Shami (Chairman, Pakistan Economic Forum): The World Economic meeting is the biggest economic meeting in the world, bringing together heads of state, business leaders, and international leaders to debate global issues. Essentially, it's a chance to draw in capital and talk about the global economic landscape. The global energy crisis is just one of several issues facing the world today. The balance of payments problems that developing nations like Pakistan and others face must also be covered at the summit. I'm hoping that the world economy will improve once the conflicts between Israel and Palestine and Russia and Ukraine end.

Dr. Zahid Anwar Khan (IR Expert): The fact that China has received the first shipment of Pakistan's premium dried chilies is a very positive step. China and Pakistan have extensive diplomatic ties, and their trade ties are growing stronger over time. The export of dried chilies could pave the way to cover the balance of trade between China and Pakistan. Pakistan is an agricultural nation, and China has a strong market for its agricultural exports. Moreover, Pakistan will be able to export seafood to China once Gwadar port is operationalized.