Abdul Aleem Khan’s Vision for Pakistan’s Economic Prosperity at CIFTIS

In a notable virtual address at the China International Fair for Trade in Services (CIFTIS), Federal Minister for Board of Investment, Privatization, and Communications, Abdul Aleem Khan, once again underscored his unwavering commitment to driving Pakistan’s economic growth. His speech was a testament to his forward-thinking vision, with an emphasis on harnessing key sectors such as agriculture, livestock, food processing, and minerals for sustainable development.

Abdul Aleem Khan’s address comes at a crucial time when global business leaders and over 2,000 companies from 107 countries were gathered to explore new opportunities for collaboration. The Minister highlighted Pakistan’s immense potential for growth, particularly through its dynamic partnership with China. He reaffirmed the importance of strengthening the iron-clad friendship between the two nations and pointed to the China-Pakistan Economic Corridor (CPEC) as a flagship initiative that has already delivered concrete results in infrastructure, energy, and transportation.

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Through collaborative efforts with Chinese enterprises, advanced agricultural technologies, and innovative food processing capabilities, Khan envisions a transformation in Pakistan’s agricultural landscape. The recently signed agreement worth $380 million between International Innovation Park Limited EPZ and China National Cereals, Oils, and Foodstuffs (COFCO) reflects this dedication to fostering international cooperation for the benefit of Pakistan’s agribusiness.

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One of the key aspects of Khan’s address was his focus on the agriculture and livestock sectors. With over 9.1 million hectares of arable land and 22.4 million hectares of range land, Pakistan is poised to become a regional hub for agricultural productivity. Through collaborative efforts with Chinese enterprises, advanced agricultural technologies, and innovative food processing capabilities, Khan envisions a transformation in Pakistan’s agricultural landscape. The recently signed agreement worth $380 million between International Innovation Park Limited EPZ and China National Cereals, Oils, and Foodstuffs (COFCO) reflects this dedication to fostering international cooperation for the benefit of Pakistan’s agribusiness.

Khan’s speech also touched on the immense potential of Pakistan’s mineral resources. Boasting the second-largest coal reserves and the seventh-largest copper reserves globally, Pakistan is ready to capitalize on its mineral wealth. He particularly encouraged the copper mining companies present at the event to explore opportunities for partnerships with Pakistani representatives, showcasing his proactive approach to attracting foreign investment.

Another critical sector in Khan’s vision is renewable energy. With a projected energy demand increase of one and a half times by 2030, Pakistan is focusing on environment-friendly solutions, particularly through its Solarization drive. This initiative seeks to reduce the country’s dependence on fossil fuels and promote solar energy production, a move that aligns with Pakistan’s goal of building a sustainable energy future.

Abdul Aleem Khan’s leadership and dedication to ensuring that Pakistan remains a business-friendly destination were evident throughout his speech. His focus on investment-friendly policies, incentives for solar panel manufacturing, and advancing downstream industries in mining and agriculture highlighted his practical approach to fostering economic growth.

In conclusion, Abdul Aleem Khan’s efforts, as showcased at CIFTIS, reflect his strong commitment to driving investment and building strategic partnerships that will help transform Pakistan into a hub for innovation and growth. His vision of collaboration, particularly with China, through initiatives such as CPEC, is set to bring long-term prosperity to Pakistan’s economy, ensuring that the country remains competitive in the global arena.