Pakistan gears up to promote exports globally with upcoming 18th OIC Trade Fair

In this handout photograph released by Trade Development Authority of Pakistan on November 20, 2024, Commerce Minister Jam Kamal Khan (right) chairs a meeting on the progress of upcoming 18th Organization of Islamic Cooperation (OIC) Trade Fair and Wexnet 2024 business events, scheduled to be held from November 29 to December 1, 2024, at the Expo Center Lahore. (TDAP)
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Updated 20 November 2024
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Pakistan gears up to promote exports globally with upcoming 18th OIC Trade Fair

  • Upcoming OIC Trade Fair will be held from Nov. 29-Dec. 1 in Pakistan’s eastern city of Lahore 
  • Commerce minister urges stakeholders to ensure Pakistan’s trade capabilities are highlighted at fair

ISLAMABAD: Pakistan’s Commerce Minister Jam Kamal Khan held a high-level meeting on Wednesday about the upcoming 18th Organization of Islamic Cooperation (OIC) Trade Fair and Wexnet 2024 business events, stressing the need to promote the country’s exports globally through them. 

The OIC Trade Fair is one of the major annual events organized by the Islamic Center for Development of Trade (ICDT) to promote trade and cooperation between the 57 OIC member countries. The 18th edition of the fair will be organized by the Trade Development Authority of Pakistan (TDAP) and Pakistan’s commerce ministry in collaboration with the ICDT in the eastern city of Lahore from Nov. 29-Dec. 1. 

Wexnet, meanwhile, is a flagship event organized by the TDAP to empower and promote women entrepreneurs across the nation. The platform allows women-led businesses to showcase their innovative products and services in the country. 

“The Minister emphasized the significance of Wexnet 2024 as a platform to promote women entrepreneurs and directed TDAP to intensify efforts in showcasing their achievements,” the commerce ministry said. “He also stressed the importance of utilizing both events to amplify TDAP’s role in fostering trade development and promoting Pakistan’s exports globally.”

Stressing the impact of both events, Khan urged all stakeholders to ensure outreach, meticulous planning and impactful representation of Pakistan’s trade and business capabilities, it added. 

The ministry said both events are poised to strengthen Pakistan’s trade ties and support the country’s export-oriented growth strategy.

“TDAP remains committed to promoting inclusive trade development and creating avenues for showcasing Pakistan’s export potential,” the commerce ministry said. 

The ICDT says the trade fair aims to promote the development of economic and commercial partnerships between member countries and disseminate and share their economic potential. 

It said the event also aims to make a tangible contribution to the development of exchanges and investments linked to trade between member countries while also market their products and services. 

The OIC is the second-largest inter-government organization after the United Nations, with a membership of 57 states spread over four continents. It is considered globally as the collective voice of the Muslim world and seeks to safeguard and protect its interests. 
 


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.