The federal government and the Federation of Pakistan Chambers of Commerce and Industry have signed a memorandum of understanding under the Aaran Pakistan programme to coordinate efforts toward the government’s economic targets.
Ahsan Iqbal, Federal Minister for Planning and Development, and Atif Ikram Sheikh, President of FPCCI, signed the MoU at a joint event attended by Islamabad Chamber President Sardar Tahir, FPCCI Vice President Taro Jadun, Coordination Chairman Malik Suhail Hussain and other industry representatives.
The agreement commits government and industry to work together to realise the vision of transforming Pakistan into a $3 trillion economy by 2047. Under the Aaran Pakistan framework, public-private cooperation will be strengthened to promote export-led growth and accelerate industrial recovery.
Atif Ikram Sheikh said the Aaran Pakistan programme reflects a firm commitment to sustainable development, stronger exports and economic recovery. He described the programme as a roadmap for the country’s economic trajectory and credited the business community for helping avert a default scenario, while urging continued measures to revive industry.
During the event Atif Ikram Sheikh called for concrete steps to support industry, including lower electricity costs, targeted tax reductions and a reduced policy rate to stimulate investment. He also praised the current leadership for international recognition and said the next phase must shift from stabilisation to broad-based growth.
Ahsan Iqbal reiterated that the government pulled the economy back from the brink of internal default and steered it toward stability. He warned that a few more weeks would have led to external default, and said global institutions now acknowledge Pakistan’s economic recovery.
The minister emphasised that escaping IMF constraints requires a decisive increase in exports and outlined plans to develop district-level export development strategies across the country. He framed the next national priority as an “economic long march” focused on production, trade and shared prosperity rather than political agitation.
Both leaders highlighted that the MoU seeks to institutionalise public-private partnership, turning the Aaran Pakistan initiative into actionable programmes to boost exports, revive key industries and lay the foundation for sustained economic growth through 2047.
