KARACHI, (APP – UrduPoint / Pakistan Point News – 12th Aug, 2026) The business community of Karachi, Wednesday, reaffirmed their unwavering faith in Pakistan and expressed confidence that the country, through unity, economic discipline, structural reforms and a stronger public-private partnership could emerge as a more prosperous, competitive and resilient economy.
Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Rehan Hanif, in a joint statement issued here, termed the Independence Day as an opportunity to renew the national commitment to build a Pakistan that is economically strong, self-reliant, socially secure and capable of providing greater opportunities to its people.
KCCI leadership also welcomed the Makkah Joint Defence Agreement signed by Pakistan, Saudi Arabia and Türkiye, terming it a landmark development that reflects Pakistan’s growing strategic relevance and its trusted role in promoting regional peace, stability and collective security.
“This development comes against the backdrop of several positive indicators of Pakistan’s improving international standing, including the country’s recent rise to 101st position in the 2026 Henley Passport Index, up from 103rd in 2025,” they noted.
Highlighting encouraging signs of recovery and resilience in Pakistan’s economy, the leadership observed that latest figures of GDP growth and eternal account coupled with improving macroeconomic stability and country’s sovereign credit standing provide a foundation upon which stronger and more sustainable growth could be built.
These developments are encouraging for Pakistan’s efforts to regain greater access to international capital markets and attract investment, they stated.
Zubair Motiwala and Rehan Hanif said that the International Monetary Fund has acknowledged that continued policy implementation has supported economic recovery, strengthened confidence and enhanced resilience, while reserve rebuilding has exceeded earlier projections.
They stressed that the next phase of Pakistan’s economic development must focus on export-led growth, industrialization, investment, productivity enhancement, energy-sector reforms, agricultural modernization, human capital development, technological advancement, infrastructure improvement and broadening of the formal economy and tax base.
The KCCI leadership also paid tribute to the sacrifices of the founders of Pakistan, the armed forces, law-enforcement agencies, public servants, workers, entrepreneurs and citizens who have contributed to the country’s progress and security over the decades.
Zubair Motiwala and Rehan Hanif called upon all segments of society to rise above differences and work collectively for national economic progress, saying that political and economic stability, institutional continuity, rule of law and consistent policies are indispensable for Pakistan to realize its full potential.
They urged the government, political leadership, business community, professionals, academia, civil society and the younger generation to make economic development a shared national mission.
