Pakistan minister urges OIC members to boost trade and support small businesses
Federal Minister for Commerce Jam Kamal Khan called for stronger economic solidarity among Organization of Islamic Cooperation member states during the closing session of the 42nd COMCEC meeting in Istanbul on Friday.
Global challenges drive need for unity
Jam Kamal Khan stated that growing geopolitical tensions and supply chain disruptions have made collective action more important than ever. He noted that financial vulnerabilities and increasing protectionism further complicate the economic landscape for Islamic nations. The minister argued that these emerging global challenges require practical solutions suited to each country's specific circumstances.
Focus on trade financing and exports
The minister emphasised improved access to trade financing as a key priority for the bloc. He also highlighted the need for coordinated efforts to enhance intra-OIC trade volumes significantly. Speaking on behalf of member states, he pointed out that OIC countries possess significant economic potential and natural endowments ready for transformation.
Outcomes identified for collective action
Deliberations at the session identified important areas for future cooperation including transport connectivity. Jam Kamal said these outcomes will guide practical solutions to enhance shared prosperity through stronger partnerships. The gathering aimed to turn geographical advantages and human resources into economic benefits for all members.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Associated Press of Pakistan
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