Latest news with #internationalexhibitions
Arab News
08-07-2025
- Business
- Arab News
Pakistan to participate in over 120 expos this fiscal year, prioritizing Gulf events
ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) will participate in over 120 international exhibitions to boost exports and foreign investment as part of its business plan this fiscal year, the Pakistani commerce ministry said on Monday, with a major focus on Gulf states. Pakistan has been actively participating in international exhibitions to attract customers by showcasing products and services from its growing sectors like information technology (IT), health care, food and engineering. The country recently participated in the Arab Health, Gulfood and AI Everything exhibitions, highlighting its ambition to promote 'Made-in-Pakistan' products, forge business-to-business (B2B) partnerships, and tap into new trade opportunities. Gulf states present a key export opportunity for Pakistani businesses, given their strong consumer demand and large expatriate workforce, and Pakistani companies last year secured millions of dollars in joint ventures, investments and business collaborations during their participation in exhibitions across the Gulf Cooperation Council (GCC) countries. Abdullah Ghauri, a section officer to the TDAP secretary, said that participants of a meeting of the TDAP board, presided over by Commerce Minister Jam Kamal Khan, on Monday placed a special focus on ensuring Pakistan's participation in all key trade events across the Gulf countries. 'We participated in 23 exhibitions and expos last year, majority of them in Saudi Arabia, United Arab Emirates (UAE) and Qatar,' he told Arab News. 'Out of a target of 120 exhibitions, the participation in last year's 23 major events across the Gulf states remains a key priority, subject to possible adjustments depending on the circumstances.' Monday's TDAP board meeting gave approvals for various strategic initiatives to enhance the country's export competitiveness and trade facilitation in the financial year 2025–26 which began on July 1, according to the commerce ministry. The annual business plan included Pakistan's participation in over 120 exhibitions, along with 'Made-in-Pakistan' exhibitions in Ethiopia, Bangladesh and other countries. Ghauri said this year's calendar would be published within a week with exact details of the events, adding that information technology (IT), agri-based products, hospitality and services, and infrastructure development would be among major areas of focus. Pakistan's IT sector is a priority area for the government to boost export revenues and stabilizing external accounts and Islamabad expects it to reach $4 billion this fiscal year under the 'Uraan Pakistan' initiative, which aims to raise IT exports to $10 billion by 2029. The TDAP board endorsed measures to promote greater participation of women entrepreneurs in international trade exhibitions, according to the commerce ministry. 'The Minister for Commerce stressed the importance of shifting Pakistan's export focus toward emerging international markets instead of relying solely on traditional destinations,' the ministry said, adding that this approach would help diversify export avenues and reduce dependency on limited regions. The commerce minister also called for the induction of dedicated researchers within TDAP to conduct sector-specific studies and provide data-driven insights to strengthen the authority's planning and policy support capabilities.
Zawya
12-05-2025
- Business
- Zawya
Egypt's gold exports hit $3.2bln in Q1 2025: Wasif
Egypt's gold exports reached a record $3.2bn during the first quarter (Q1) of 2025, reflecting a significant leap in the country's jewelry industry, according to Ihab Wasif, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries. Wasif attributed the exceptional performance to three key factors: rising global demand for gold amid heightened geopolitical tensions, substantial improvements in local jewelry design and manufacturing quality, and the Division's increased participation in international exhibitions and trade shows. Speaking on Sunday, Wasif explained that the surge in gold exports aligns with the global shift toward gold as a safe-haven asset in light of escalating trade conflicts and international instability. This environment has created new openings for Egyptian products, particularly in markets seeking both quality and reliability. He emphasized that Egypt's jewelry industry has undergone a notable transformation, with designs and craftsmanship now rivaling international standards. This competitive edge has enabled Egyptian exports to penetrate high-value markets such as Saudi Arabia and the UAE, in addition to new destinations in Europe and North America. Marketing efforts have also played a critical role. 'Our presence at international exhibitions has significantly increased brand visibility and built confidence in Egyptian gold among major foreign importers,' Wasif said. Breaking down the quarterly divs, he noted that exports totaled $929.5 million in January, rising to $1.804bn in February and maintaining strong momentum through March. The UAE, Saudi Arabia, and Turkey were the top importing countries, with noticeable growth in exports to Europe and the United States. Wasif highlighted these achievements as a fulfillment of the Division's pledge to President Abdel Fattah Al-Sisi to hit the highest export targets in the sector's history. He credited strong governmental support—particularly from the Ministries of Supply, Industry, and Investment, as well as the Central Bank and the Assay and Weights Authority—for enabling the industry's progress. Egypt aims to rank among the world's top 10 gold-exporting countries by 2027. Wasif noted that Egypt's global position in jewelry exports has already improved significantly, rising from 94th in 2022 to 54th in 2023, with plans to climb further in the next two years. He also pointed to the Central Bank of Egypt's decision to extend the export proceeds payment period to 75 days as a key facilitator for the recent export boom. 'This policy gave exporters much-needed flexibility in navigating foreign markets,' he said. The Division now plans to formally request a return to the original legal framework that allows for a 180-day payment period—a move Wasif believes would further enhance Egypt's export performance and global competitiveness. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. ( Daily News Egypt
