Economy
Poland-Pakistan trade volume reaches $920m: envoy
Published
2 years agoon
By
admin
KARACHI: The Ambassador of Republic of Poland Maciej Pisarski has informed that the overall trade volume between Poland and Pakistan has reached to more than US$920 million, of which Pakistan exported goods worth US$800 million due to GSP Plus arrangement which gives duty free access of Pakistani goods to Polish Market whereas Poland’s exports to Pakistan stood at US$128 million last year.
Polish Ambassador, who led a high-level trade delegation from Poland during its visit to the Karachi Chamber of Commerce and Industry (KCCI) said, “Keeping in view the enormity of potential, we would like to approach this existing potential by doing what we are doing today i.e. bringing the Polish businesspeople to Pakistan, introducing them to Pakistani potential partners and let them explore Pakistan in terms of future partnerships, besides helping them gain firsthand experience.”
Honorary Consul General of Poland in Karachi Mirza Omair Baig, President KCCI Iftikhar Ahmed Sheikh, Senior Vice President Altaf A Ghaffar, Vice President Tanveer Ahmed Barry, Former President Majyd Aziz, Chairman Diplomatic Missions & Embassies Liaison Subcommittee Farooq Afzal along with KCCI Managing Committee Members were also present on the occasion.
Underscoring the need to expand Polish-Pakistan trade and economic relations, the Envoy said that the Polish business community was very confident and has developed interesting offers not only for the traditional markets but also to be able to go global.
“This is what we are doing and we are very thankful to the Ministry of Climate for sponsoring this trip to Pakistan. This is exactly the type of activity which the embassy and the public administration can and have to undertake to reinvigorate our cooperation.”
Polish Ambassador further stated that Karachi has a very special place on the map of Polish memory as Karachi was a place where thousands of refugees found shelter during the 2nd World War. “It is also a place where Polish pilots, instructors and engineers came shortly after the Second World War to join the efforts of creating the Pakistan Airforce. During all these years, we have forged very strong people-to-people connections even before the commencement of diplomatic ties between the two countries”, he said, adding that Poland and Pakistan have been enjoying 62 years of fruitful and collaborative relationships based on mutual interest and respect which have grown to a point where there was definitely a great potential to expand these relationships.
He informed that Poland’s economy stands at 21st position with a size of US$1.4 trillion today and the sixth largest economy in the European Union, characterized by enormous dynamism, innovative approach and huge resistance. “We have been the fastest growing economy in the European Union and since 1990 Polish economy has grown by 900 percent. This year, Polish imports and exports stood at around US$700 billion.”
Earlier, President KCCI Iftikhar Ahmed Sheikh, while warmly welcoming Polish trade delegation, stated that despite growing diplomatic and cordial relationship, the potential remains largely untapped hence, there is a pressing need to expand trade, investment, economic, cultural, and people-to-people relations to fully realize the benefits of partnership between the two countries.
“Pakistan’s strong textile manufacturing capabilities encompass yarn production, fabric weaving, and garment production. With high demand in Poland’s market, there are significant investment opportunities for Polish firms to establish textile manufacturing units or form partnerships with existing Pakistani manufacturers, leveraging both nations’ business and labour forces,” he added.
He further stated that Pakistan can also attract Polish investment by promoting its Special Economic Zones (SEZs) and offering incentives such as tax and customs duty exemptions, and streamlined regulatory processes. “Polish firms can explore opportunities in textiles, agriculture, and tourism, while showcasing their potential in machinery, electricity, ferrous metals, motor vehicles, plastics, paper products, chemicals, processed food, beauty products and oilseeds to Pakistani investors.
President KCCI pointed out that Pakistani exporters face significant inspection challenges, including limited technical resources and customs delays. To address these issues, prioritizing market preferences, planning awareness sessions for farmers, and enhancing government cooperation on pesticide-related concerns and laboratory testing are essential. Additionally, nominating a third-party laboratory for evaluating goods during shipping can ensure better adherence to regulations, he opined.
He stressed that promoting collaboration in education and technology can lead to substantial benefits for both countries. Initiatives such as academic exchange programs, collaborative research projects, and online training platforms can facilitate the exchange of knowledge and technical expertise between Pakistan and Poland. “Hosting a series of trade events like exhibitions, trade fairs, and networking sessions can pave the way for new business opportunities. These events will enable Pakistani and Polish entrepreneurs to interact directly, showcase their products and services, and build lasting business relationships”, he added.
He was of the opinion that developing a joint digital platform by the chambers of commerce of both countries can significantly streamline trade and investment promotion which could offer comprehensive services including market intelligence, legal advisory and business matchmaking, besides helping businesses stay informed and connected with the latest market trends and regulatory updates.
Source: B Recorder
You may like
-
Gold Rate in Pakistan Hits Record High as it Races Towards Rs. 300,000 Per Tola Mark
-
Cement Prices in Punjab to Rise as Provincial Govt Increases Royalty Rates
-
Cryptocurrencies Suffer Second-Worst Crash of 2024
-
ZONG 4G Offers Special Saudi Arabia Roaming Package for Eid-Ul-Adha
-
Pakistan Government Likely to Give Significant Petrol Price Relief Before Eid
-
Pakistan’s World Cup Qualification Scenario Post Canada Game
Business
Current Situation of Pakistan: Economy, Jobs, Politics & Future Outlook
Published
2 weeks agoon
September 4, 2026By
admin
Pakistan is going through an important phase of economic and social change. The current situation of Pakistan is being shaped by inflation, employment challenges, economic reforms, political developments, the exchange rate, energy costs and the country’s efforts to attract investment. At the same time, Pakistan continues to have significant opportunities in technology, exports, freelancing, agriculture, manufacturing and digital businesses.
For ordinary people, the biggest concerns remain inflation, unemployment, cost of living, electricity prices and job opportunities. However, there are also positive developments that could support economic growth if reforms and investment continue.
Pakistan Economy and Current Economic Situation
The Pakistan economy has faced several difficult years, including high inflation, foreign-exchange pressures, rising debt servicing costs and a shortage of investment. The government and economic institutions have been focusing on improving fiscal management, increasing tax revenues, controlling expenditures and strengthening foreign-exchange reserves.
One of the biggest challenges is the cost of living in Pakistan. Food, electricity, transportation, healthcare and education expenses have placed pressure on household budgets. Even when inflation slows, consumers can continue to feel the impact because prices remain significantly higher than they were several years ago.
The performance of the Pakistani rupee also remains important. Changes in the USD to PKR exchange rate directly affect imported products, fuel, machinery and many business costs.
Inflation and Cost of Living
Inflation in Pakistan has been one of the most searched and discussed economic issues among the public. Rising prices have affected both salaried employees and small businesses.
Lower-income families are particularly affected because a larger portion of their income goes toward food, utilities and transportation. Middle-class households are also facing pressure as housing, education and healthcare costs continue to consume a significant share of monthly income.
Controlling inflation while maintaining economic growth is therefore one of Pakistan’s major economic challenges.
Jobs and Employment in Pakistan
The job market in Pakistan remains competitive. Young people entering the workforce are increasingly looking for opportunities in IT, digital marketing, software development, sales, customer support, healthcare, accounting and other professional fields.
The growth of remote jobs in Pakistan has created new opportunities. Pakistani professionals can now work with companies in the USA, UK, UAE, Canada and other international markets without physically relocating.
Freelancing is another important source of income. Platforms and international clients have helped Pakistani freelancers earn foreign currency through services such as:
- Software development
- Graphic design
- Digital marketing
- SEO
- Content writing
- Video editing
- Virtual assistance
- E-commerce services
The technology sector could become an important part of Pakistan’s future employment market if investment in digital infrastructure and skills continues.
Business and Investment Opportunities
Despite economic challenges, Pakistan remains a large consumer market with a population of more than 240 million people. This creates opportunities for businesses in e-commerce, technology, agriculture, healthcare, education, logistics and manufacturing.
Small and medium-sized businesses are particularly important for employment. Digital platforms have also made it easier for entrepreneurs to sell products and services locally and internationally.
Foreign investment remains an important priority. Greater economic stability, predictable policies, better infrastructure and improved ease of doing business could help Pakistan attract more foreign direct investment (FDI).
Pakistan’s IT and Digital Sector
The IT sector in Pakistan is one of the areas with strong growth potential. Software houses, freelancers, startups and technology companies are increasingly serving international clients.
Pakistan has a large population of young, tech-oriented workers. With appropriate training in artificial intelligence, software development, cybersecurity, cloud computing and digital marketing, the country could increase its technology exports.
The rise of AI in Pakistan is also creating new opportunities and challenges. Businesses are adopting AI tools to improve productivity, marketing, customer service and software development, while workers are increasingly required to learn new digital skills.
Pakistan and International Jobs
Another major trend is the increasing interest in jobs in Dubai, UAE jobs, Saudi jobs, Qatar jobs and international employment opportunities.
Many Pakistani professionals seek overseas employment because of higher salaries, career development and better international exposure. The Gulf region remains particularly attractive because of its proximity to Pakistan and demand for skilled workers.
However, people searching for overseas jobs from Pakistan should always verify recruiters and employers before paying any fees or sharing sensitive information. Genuine employers generally provide clear job descriptions, employment terms and official application channels.
Political and Social Challenges
The political situation in Pakistan continues to influence economic confidence and business decisions. Political uncertainty can affect investment, consumer confidence and long-term planning.
At the same time, Pakistan faces broader social challenges, including population growth, education, healthcare, urbanization and the need to create enough productive jobs for its young population.
Improving education and professional training will be essential for ensuring that Pakistan’s growing workforce can participate in higher-value industries.
What Is the Future of Pakistan?
The future of Pakistan will depend on how effectively the country addresses its structural economic problems. Sustainable growth will require stronger exports, increased investment, better tax collection, energy-sector reforms, improved governance and greater support for productive industries.
There is also significant potential in IT exports, freelancing, agriculture, renewable energy, e-commerce and manufacturing.
Pakistan’s large domestic market and young workforce are important advantages. If economic stability improves and businesses receive a more predictable environment, these strengths could contribute significantly to long-term growth.
Conclusion
The current situation of Pakistan is a combination of serious challenges and significant opportunities. Inflation, unemployment, political uncertainty and the cost of living continue to affect millions of people. At the same time, the country has opportunities in technology, exports, freelancing, entrepreneurship and international employment.
For individuals, developing digital skills, professional qualifications, English communication and international work experience can improve access to both local and global opportunities.
Pakistan’s economic recovery will not happen overnight, but continued reforms, investment and growth in productive sectors could help create a more stable and prosperous future.

You must be logged in to post a comment Login