Beyond factional politics: Reclaiming Pak trade chambers
IN a country, where GDP growth has remained largely constrained between 3% and 4% for nearly a decade, the standing of trade organizations and business community cannot be overstated. Baffling with the regional conflicts, political uncertainty, economic challenges and socio-cultural issues, Pakistan seems to be struck in a loophole, from where there is no way out. GDP growth rate for the year 2026 has been projected to be 3.6% by the IMF, while the forecast rate for 2027 is 3.5%. Decision-makers and relevant stakeholders are lost in power struggle; completely overlooking the situation of a common man, who is living at an average income of $4.5-$5 per day. Those who are responsible for increasing the financial standing of the country are also involved in power politics in their respective chambers of commerce and trade organizations. The state of affairs is dire, while the relevant institutions fail to realize the gravity of the situation.
The business community is the backbone of any state, driving economic activity, creating employment and contributing to the overall economic growth. The situation in Pakistan is otherwise. Internal Politics and Alliances/Groupings has become the core agenda of chambers in the recent times. While formation of alliances is not........
