Author name: Syed Shoaib

Pakistan SADC Trade Relations Gain Momentum at Elite Karachi Diplomatic Gathering
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Pakistan SADC Trade Relations Gain Momentum at Elite Karachi Diplomatic Gathering

Pakistan SADC Trade Relations entered a decisive new phase as Karachi hosted one of the most high-profile diplomatic and business networking evenings of the year. Against the elegant backdrop of the Karachi Gymkhana’s swimming pool area, an exclusive sea-food dinner brought together global diplomats, senior government officials, industry leaders, and influential entrepreneurs signaling a unified push toward expanding Pakistan’s trade footprint across Southern Africa. Hosted by Mr. Shoaib Qadri, President of the Southern African Development Community (SADC) Sindh Chapter, the evening was held in honor of Mr. Akbar Iqbal Puri, President of Karachi Gymkhana. More than a social engagement, the event emerged as a strategic platform to advance Pakistan SADC Trade Relations through dialogue, commitment, and collaboration. A Strategic Evening for Pakistan SADC Trade Relations The guest list reflected the seriousness of intent. Diplomats representing many countries, senior trade policymakers, heads of regulatory bodies, and leaders of Pakistan’s most influential business associations gathered under one roof demonstrating a rare convergence of public and private sector alignment. Trade associations such as KATI, SITE, Super Highway Association, and NKATI, along with representatives from FPCCI and KCCI, were present, reinforcing the institutional backing behind Pakistan’s growing Africa-focused trade ambitions. Event Promo: Click Here Who Was Attending, and Why It Mattered The strength of the evening lay not just in numbers, but in influence. Senior figures from government, banking, industry, academia, and diplomacy engaged in meaningful exchanges focused on long-term trade expansion. Among the distinguished attendees were senior officials from TDAP, honorary consulates, commercial attachés, NAB, provincial and federal secretariats, leading universities, major banks, real estate developers, and manufacturing giants. Their presence underscored a shared realization: Africa represents Pakistan’s next major export and investment frontier. Rather than listing attendees, the discussions reflected a powerful mix of: • Policy authority to remove trade barriers• Financial leadership to enable cross-border investment• Academic insight to support research and skills development• Private-sector agility to execute trade opportunities Pakistan SADC Trade Relations and Africa’s Untapped Potential Why Africa Matters Now Despite Africa being one of the fastest-growing regions globally, Pakistan’s trade volume with African economies remains disproportionately low. Structural gaps, limited market intelligence, and weak institutional linkages have long constrained growth. During the evening, fruitful and result-oriented discussions addressed: • Market access challenges for Pakistani exporters• Logistics and regulatory bottlenecks• Financing mechanisms for Africa-bound trade• Diplomatic facilitation through SADC member states A strong emphasis was placed on transitioning from opportunity awareness to execution-driven trade frameworks. Government and Private Sector Alignment A pivotal moment came with the reaffirmation of support from TDAP, as its leadership expressed firm commitment to: • Increasing Pakistan’s trade volume with African nations• Identifying new and emerging African markets for Pakistani products• Supporting exporters through structured market-entry strategies Private-sector leaders echoed these commitments, offering technical expertise, financial facilitation, and operational support to ensure sustainability rather than one-off engagements. Leadership Driving Pakistan SADC Trade Relations Forward The initiative received unanimous praise for the leadership of: • Mr. Muhammad Rafiq Memon, Chairman, Pakistan SADC Chamber Trade Federation• Mr. Shoaib Qadri, President SADC Sindh Chapter• Mr. Syed Moiz, Vice President, Pakistan SADC Their vision of a private-sector-led, diplomatically supported trade corridor between Pakistan and Southern Africa was fully endorsed. Participants directed their respective teams to provide continuous institutional backing for timely and measurable outcomes. From Dialogue to Direction Thought leaders highlighted that Africa’s trade potential can only be realized through: • Structured engagement with diplomatic missions• Stronger B2B matchmaking mechanisms• Policy consistency and long-term commitment• Sector-focused export strategies in textiles, food processing, pharmaceuticals, construction, and engineering The consensus was clear: Pakistan SADC Trade Relations must now move from intent to implementation. A Defining Moment for Pakistan–Africa Economic Engagement As the evening concluded, it was evident that the dinner had achieved far more than ceremonial significance. It fostered ownership, accountability, and shared purpose, key ingredients for sustainable trade growth. With renewed confidence, cross-sector commitment, and diplomatic goodwill, Pakistan now stands better positioned than ever to deepen its economic ties with the SADC region and unlock Africa’s vast, untapped potential.

Mr. Zafar Paracha, President of the Exchange Companies Association of Pakistan (ECAP)
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“A Game Changer for Overseas Pakistanis”

ECAP President Zafar Paracha on Raast-Powered Remittances Pakistan’s remittance landscape is undergoing a quiet but powerful transformation. With the State Bank of Pakistan (SBP) approving the routing of home remittances through the Raast instant payment system, exchange companies are stepping into a faster, more transparent, and fully digital future. To understand what this decision really means for overseas Pakistanis, the economy, and the common citizen, theboardroompk.com spoke with Mr. Zafar Paracha, President of the Exchange Companies Association of Pakistan (ECAP), who calls this move “historic” and “long overdue.” “This Is a Historic Day for the Exchange Companies Sector” TBR: Mr. Paracha, ECAP has welcomed SBP’s decision quite strongly. Why do you see this as such an important development? Zafar Paracha: This is indeed a historic and highly positive step for the entire remittance ecosystem of Pakistan. For the first time, exchange companies are officially allowed to transfer home remittances directly into bank accounts and digital wallets through Raast, Pakistan’s instant payment system. This approval addresses long-standing challenges related to speed, transparency, and accessibility. It reflects the State Bank of Pakistan’s trust in exchange companies and its commitment to modernizing financial services. Raast and Remittances: What Changes for the Common Man? TBR: For a layperson, how does routing remittances through Raast make life easier? Zafar Paracha: In very simple terms, it means faster, safer, and cheaper remittances, Earlier, many overseas Pakistanis worried about delays or limited access in remote areas. With Raast, remittances can now be delivered instantly, even to people living in far-flung villages, directly into their bank accounts or mobile wallets. There’s no unnecessary paperwork, fewer intermediaries, and complete transparency. This is digital finance working for the common citizen. “SBP Responded Positively to ECAP’s Request” Read more: Raast QR Insurance Payments Drive Pakistan’s Cashless Insurance Ecosystem TBR: Was this something ECAP had been pushing for? Zafar Paracha: Absolutely. ECAP had formally approached the State Bank of Pakistan, and I must acknowledge that SBP responded in a sympathetic and constructive manner, Previously, SBP had already allowed exchange companies to become part of the Pakistan Remittance Initiative (PRI). Allowing remittance transfers via Raast is a logical next step and a very practical advancement for the sector. We are grateful to the central bank for understanding ground realities and future needs. Why Overseas Pakistanis Are the Biggest Winners TBR: How will this decision impact overseas Pakistanis sending money home? Zafar Paracha: Overseas Pakistanis are the biggest beneficiaries of this move. Now, their hard-earned money can reach families instantly, securely, and at very low cost. Whether the recipient lives in a big city or a remote town, Raast ensures equal access. This convenience will naturally encourage people to use formal and legal channels, which ultimately strengthens Pakistan’s economy. Will This Boost Pakistan’s Remittance Inflows? TBR: Do you expect an increase in remittance inflows because of this step? Zafar Paracha: Yes, without a doubt. When systems are fast, transparent, and affordable, people trust them. This initiative will increase remittance inflows, reduce reliance on informal channels, and improve documentation. Both senders and receivers benefit, while the country gains stronger foreign exchange inflows. Exchange Companies and the Vision of Digital Pakistan TBR: How does this align with Pakistan’s broader digital vision? Zafar Paracha: This is fully aligned with the Digital Pakistan vision and SBP’s objective of promoting a cashless economy exchange companies are committed to playing their full role in this transition. By integrating with Raast, we are embracing digital innovation while ensuring financial inclusion for millions of Pakistanis. Final Word: A Turning Point for Pakistan’s Financial Future TBR: Any final message for the public? Zafar Paracha: This decision marks a turning point. It shows that Pakistan’s financial system is evolving in the right direction towards efficiency, transparency, and inclusion. Exchange companies stand ready to support SBP in making Raast a success and ensuring that remittances remain a strong pillar of Pakistan’s economy.

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