Junaid Naqi, president of the Korangi Association of Trade and Industry (KATI), has welcomed the decisions made during the 11th Apex Committee Meeting of the Special Investment Facilitation Council (SIFC), chaired by Prime Minister Shehbaz Sharif. Speaking on behalf of Karachi’s industrialists, Naqi expressed his appreciation for the collaborative efforts of the government and the Pakistan Army in steering the country towards economic stability and growth.
Junaid Naqi lauded the initiatives of the SIFC and the National Economic Transformation Plan 2024-2029, also known as Uraan Pakistan, which aims to revitalize the economy through strategic focus and reform. He commended the Prime Minister and Chief of Army Staff (COAS) General Syed Asim Munir for their unwavering commitment to ensuring peace, security, and economic stability, noting that such collaboration sets the foundation for a prosperous Pakistan.
“The approval of the Action Plan for Optimization of Special Economic Zones (SEZs) will undoubtedly rejuvenate Pakistan’s industrial landscape and create new opportunities for the business community,” Naqi said. He also appreciated the proposal of the National Minerals Harmonization Framework and the focus on human resource development (HRD) for skill enhancement and global accreditation, which are critical for aligning Pakistan’s workforce with international standards.
The KATI President also acknowledged the contributions of provincial governments in advancing economic initiatives and stressed the importance of collective efforts by all tiers of leadership. He remarked that the continued collaboration between federal and provincial governments and SIFC’s strategic guidance is vital for achieving sustainable economic growth.
Naqi further praised the Prime Minister’s acknowledgement of the efforts of SIFC, ministries, and affiliated stakeholders in setting a progressive tone for 2025. “The industrialists of Karachi stand united with the government in supporting these transformative policies. We are optimistic that these measures will stabilize the macro-economic environment and deliver dividends to the people of Pakistan,” he added.
Highlighting Karachi’s pivotal role as an economic hub, Naqi reaffirmed the commitment of the industrial sector to align with the government’s vision. He emphasized the importance of public-private partnerships and urged policymakers to continue engaging with the business community to address challenges and unlock the full potential of Pakistan’s economy.
Junaid Naqi reiterated KATI’s support for Uraan Pakistan and the initiatives of SIFC, emphasizing that these steps mark a turning point for industrial and economic revival in the country.
