FPCCI urges deeper economic integration within OIC to unlock $10.77 trillion market
The Federation of Pakistan Chambers of Commerce & Industry highlights that intra‑OIC trade is only 20 % of total OIC commerce and calls for stronger bilateral and multilateral ties, citing opportunities for Pakistani exporters in textiles, pharma, IT and other sectors.
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Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Textile, Pharma and Technology sectors stand to gain from expanded OIC trade, creating a Buy bias for related tickers.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- TextilePositively affected
- PharmaPositively affected
- TechnologyPositively affected
- AgriculturePositively affected
- EnergyPositively affected
- LogisticsPositively affected
Companies
Mentions in This Briefing
Sectors: Textile, Pharma, Technology, Agriculture, Energy, Logistics — Positive · Buy bias. PSX tickers: ISL, INDU. Textile, Pharma and Technology sectors stand to gain from expanded OIC trade, creating a Buy bias for related tickers.
Full Story
Open on Business RecorderFPCCI calls for stronger economic integration among OIC states
The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) released a statement on Saturday urging Pakistan to deepen its economic ties with the 57‑member Organisation of Islamic Cooperation (OIC). Atif Ikram Sheikh, President of the FPCCI, noted that the combined GDP of OIC members is projected at about $10.77 trillion in 2025, yet intra‑OIC trade accounts for only 20.36 % of their total foreign trade.
Current trade figures
- OIC exports in the last year: $1.7 trillion
- OIC imports in the last year: $1.6 trillion - Intra‑OIC trade volume: ≈ $1 trillion (20.36 % of total OIC trade)
These numbers, according to Sheikh, reveal a large untapped market that could be accessed through improved trade facilitation, connectivity, financial linkages and private‑sector cooperation.
Sectors with growth potential for Pakistan
Sheikh highlighted several Pakistani industries that could benefit from expanded OIC engagement, including: - Textiles and value‑added products - Agriculture and food processing - Pharmaceuticals - Engineering goods and minerals/mining - Information technology and halal products - Tourism, logistics and renewable energy
He emphasized that the focus should move beyond conventional trade to joint ventures, technology partnerships, investment projects and regional value chains.
Pakistan’s strategic advantages
The FPCCI president pointed to Pakistan’s strategic location, large consumer base, youthful population, established industrial base and the incentives offered under the Special Investment Facilitation Council (SIFC) as key drivers to attract OIC investment.
Call to action
Sheikh appealed for increased business‑to‑business interaction, joint investment projects and institutional linkages between chambers and business organisations across the Islamic world, stating that the Islamic world’s economic resources should be converted into tangible trade, investment and sustainable partnerships.
Outlook
If the FPCCI’s recommendations translate into concrete agreements, Pakistani exporters in the highlighted sectors could see new market access, higher order books and potential foreign direct investment from OIC partners.