[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 5 sources · 9 days · First seen · Last updated

FPCCI economic and trade initiatives in Pakistan

Overview

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has focused on economic diversification and addressing structural trade challenges. Initially, the organization promoted a transition toward a cashless economy through digital payment adoption and sought to expand trade with Eastern European markets, such as Romania, Poland, Hungary, and the Czech Republic.

However, the FPCCI later issued warnings regarding a widening trade deficit. During the first two months of Fiscal Year 2026-27, the deficit rose by 18.1 percent to $7.1 billion. President Atif Ikram Sheikh attributed this imbalance to a lack of export competitiveness caused by high interest rates and rising electricity tariffs, which hinder manufacturing and modernization.

Entities

Federation of Pakistan Chambers of Commerce and Industry · Atif Ikram Sheikh · Pakistan · Federal Board of Revenue · Eastern Europe

Timeline

  1. 16 days ago

    [BUSINESS] 4 sources
    FPCCI warns of rising trade deficit in Pakistan

    Pakistan's trade deficit rose 18.1% to $7.1 billion in early FY27. The FPCCI warns that high interest rates and energy costs are crippling export competitiveness and threatening economic stability.

  2. 24 days ago

    [BUSINESS] 3 sources
    FPCCI promotes cashless economy and Eastern European trade

    The FPCCI is advocating for a transition to a cashless economy through digital payment incentives and seeking to expand Pakistani trade and investment into Eastern European markets.

Sources

bolnews.com · energyupdate.com.pk · fpcci.org.pk · islamabadpost.com.pk · pakbanker.com