GPCCI, PRGMEA sign MoU
LAHORE: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has called on Sialkot’s exporters to set ambitious targets, adopt modern technology and shift from low-cost manufacturing to high-value, internationally recognised brands, as the German-Pakistan Chamber of Commerce and Industry (GPCCI) held its first-ever business networking reception in the city and signed a…
LAHORE: Federal Minister Ahsan Iqbal urged Sialkot’s exporters to aim high, embrace modern technology and transition from low-cost production to high-value, internationally renowned brands at the GPCCI’s inaugural business networking gathering in the city. Organized jointly with the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), the event convened senior officials, trade association leaders, and members of Sialkot’s business community.
Federal Minister Iqbal extolled exporters as national heroes for generating foreign currency, and proposed that incentives be provided to any company that secures the status of Pakistan’s first billion-dollar exporter. Germany’s vocational training system could bolster Pakistan’s skilled workforce, Iqbal added. In a video message, German Ambassador Ina Lepel underscored the enduring significance of the GSP+ program for Pakistan-Germany economic ties and expressed intent to visit Sialkot soon.
She commended the resiliency of Pakistan’s business community and noted the ongoing need for GSP+ related matters. Former Federal Minister Khurram Dastgir Khan emphasized Germany’s pivotal role as Pakistan’s largest EU trading partner and encouraged associations to assist smaller exporters in accessing European markets. Former PRGMEA President Ijaz A. Khokhar hailed the GPCCI’s initiative, emphasizing that enhanced collaboration could broaden Sialkot’s footprint in European markets.
PRGMEA’s former leader Sohail A. Sheikh highlighted the necessity of stronger institutional cooperation to elevate apparel exports, facilitate international market access, and enable manufacturers to vie for higher-value segments. PRGMEA Chairman (North Zone) Imran Salahuddin pointed out that the Memorandum of Understanding would facilitate trade and investment information exchange and foster a more conducive business climate.
The agreement was officially sealed by PRGMEA President Syed Nadeem Ali Kazmi and Imran Salahuddin. The commemorative reception marked GPCCI’s maiden business networking endeavor in Sialkot, paving the way for closer ties between the city’s export-driven enterprises and German counterparts.
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