Minister Jam Kamal Khan emphasizes modernization of trade associations

Web DeskJuly 3, 2024 10:49 AMbusiness
  • Trade associations crucial for fostering business-friendly environment
  • DGTO's modernization key to enhancing regulatory efficiency
  • Government's collaboration with trade associations promotes economic growth
Minister Jam Kamal Khan emphasizes modernization of trade associationsImage Credits: radio.gov.pk
Minister Jam Kamal Khan stresses the importance of modernizing trade associations and regulatory bodies to create a supportive business environment for economic growth.

In a recent statement, the Minister of Commerce, Jam Kamal Khan, reiterated the government's commitment to fostering a favorable climate for businesses. He highlighted the crucial role that trade associations play in achieving this objective. Specifically, he emphasized the need for the Directorate General of Trade Organizations (DGTO) to modernize its operations and infrastructure to better serve the evolving needs of the business community.

Trade associations, which are organizations that represent specific industries or sectors, are instrumental in advocating for the interests of businesses and facilitating communication between the government and private enterprises. By working closely with these associations, the government aims to create a more supportive environment for businesses to thrive and contribute to economic growth.

The DGTO, as the regulatory body overseeing trade organizations in the country, plays a vital role in ensuring transparency and efficiency in the business sector. By updating its operations and infrastructure, the DGTO can enhance its ability to regulate and support trade associations effectively, ultimately benefiting the broader business community.

The government's focus on enhancing the business environment through collaboration with trade associations and the modernization of regulatory bodies like the DGTO is a positive step towards fostering economic development. By prioritizing the needs of businesses and promoting a conducive ecosystem for trade, the government is laying the groundwork for sustainable growth and prosperity.

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