Ministry of Economic Affairs

Economic Affairs Division is responsible for assessment of requirements, programming and negotiations of external economic assistance related to the Government.

[Ministry of Economic Affairs @eadgop]

4. Support capital market development and economic growth
5. Expand private insurer participation
6. Strengthen regulation and consumer protection.
@PakistanADB @ADB_HQ 3/3

[Ministry of Economic Affairs @eadgop]

Minister for Economic Affairs Ahad Cheema commends the efforts of EAD and ADB’s PRM in achieving this success. He stated that the @GovtofPakistan would successfully implement this flagship program, as it remains committed to advancing development initiatives. @PakistanADB 1/3

[Ministry of Economic Affairs @eadgop]

Key Features & Benefits of Insurance Transformation Program

1. Strengthen Pakistan’s financial resilience
2. Transform Pakistan’s insurance sector to a modern, risk-based, and market-oriented system
3. Enhance risk management mechanisms for households and businesses 2/3

[Ministry of Economic Affairs @eadgop]

The two sides discussed opportunities for collaboration in trade, investment, agriculture, energy, education, and labour mobility. Secretary EAD emphasized sustained engagement to promote shared growth and prosperity.

[Ministry of Economic Affairs @eadgop]

H.E. the Ambassador of the Sultanate of Oman to Pakistan called on Mr. Muhammad Humair Karim Kidwai, Secretary EAD, to discuss ways to further strengthen Pakistan–Oman economic and development cooperation.
@OmanEmbassy_pk @FMofOman

[Ministry of Economic Affairs @eadgop]

Secretary Economic Affairs Muhammad Humair Karim and ADB Deputy Country Director Hussain Haider signed the agreement today in Islamabad. For More details visit
https://t.co/1yx9AqmXJF

[Ministry of Economic Affairs @eadgop]

The Economic Affairs Division, under the guidance of Honourable Federal Minister Ahad Cheema, has achieved another milestone. The @GovtofPakistan and the @PakistanADB have signed USD 700 million Policy-Based Loan for Sub-Program 1 of the Insurance Transformation Program. @ADB_HQ

[Ministry of Economic Affairs @eadgop]

The meeting also discussed Azerbaijani investment interest in Pakistan’s key Sectors including energy, real estate and hospitality sectors, promotion of reciprocal tourism, and regular meetings of sector-specific Joint Working Groups.

[Ministry of Economic Affairs @eadgop]

A meeting was held between Mr. Muhammad Humair Karim Kidwai, Secretary EAD / Pakistan’s Acting Governor to the IsDB Board of Governors, and H.E. Samad Bashirali, Deputy Minister of Economy of Azerbaijan, during the IsDB Group Annual Meetings in Baku.

[Ministry of Economic Affairs @eadgop]

Secretary EAD appreciated Azerbaijan’s import duty relaxation for Pakistani rice and emphasized implementation of the Preferential Trade Agreement and Transit Trade Agreement.

[Ministry of Economic Affairs @eadgop]

Secretary EAD appreciated IsDB Group’s continued development support to member countries, including Pakistan, and supported strengthening of concessional resources, technical assistance, scholarships, Islamic finance development and governance reforms

[Ministry of Economic Affairs @eadgop]

Mr. Muhammad Humair Karim, Secretary, Economic Affairs Division (EAD) / Pakistan’s Acting Governor to the Islamic Development Bank (IsDB) Board of Governors, participated in the 51st Annual Meeting of the IsDB Board of Governors during the IsDB Group Annual Meetings in Baku.

[Ministry of Economic Affairs @eadgop]

Pakistan also welcomed the IsDB 5-Year Corporate Strategy 2026–2030 under the IsDB Group 10-Year Strategic Framework 2026–2035, particularly its emphasis on country engagement, regional integration, resource mobilization, operational effectiveness and One IsDB Group delivery.

[Ministry of Economic Affairs @eadgop]

ICD engagement was discussed through lines of finance, Islamic banking channels, SME and exporter finance, sukuk / capital-market instruments and bankable private-sector projects.

[Ministry of Economic Affairs @eadgop]

Secretary, Economic Affairs Division, Mr. Muhammad Humair Karim Kidwai met the CEO of ICIEC / ICD H.E Khalid Khalafalla during the IsDB Group Annual Meetings in Baku.

[Ministry of Economic Affairs @eadgop]

Discussions also covered identification of priority export sectors, support to Pakistani exporters, bank-risk mitigation, LC confirmation support and investment insurance.