Saqib Fayyaz Magoon

Saqib Fayyaz Magoon is the Senior Vice-President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). He has been actively vocal about the potential economic repercussions of geopolitical tensions, particularly concerning the Strait of Hormuz, which is critical for Pakistan's imports. In a recent report, he highlighted that approximately 30 to 40 percent of the country's imports traverse this vital shipping route, warning that any disruption could dramatically escalate freight and insurance costs, thereby threatening the stability of the economy and leading to job losses.