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Qureshi hopes new SAARC CCI president will promote trade

Pakistan Hopes New SAARC CCI President will Promote Trade

ISLAMABAD – Pakistani Foreign Minister Shah Mahmood Qureshi congratulates Iftikhar Ali Malik on becoming president of the SAARC Chamber of Commerce and Industry (ITC) and expressed a desire to use the best of his skills to promote trade and industry not only in the region but also in Pakistan.
According to the press release issued on Sunday, the Pakistani Foreign Minister in a greeting letter to the newly elected SAARC JRC president said that Iftikhar Ali Malik is an experienced businessman and that he would use all his skills and experiences to bring all SAARC countries together to help them.
He reiterated Pakistan’s readiness to enhance cooperation between member countries and development partners in the health sector, with special emphasis on COVID-19.
Qureshi said that Prime Minister Imran Khan has proposed that developed countries can make it easier for developing countries to meet the challenge through debt restructuring so that they can use limited resources to mitigate the effects of the pandemic on their economies and provide effective relief to poor people.
He said Pakistan has the highest coronavirus testing capacity to date among all South Asian countries with 20,000 tests per day.
Noting that the COVID-19 pandemic was an “unprecedented challenge” that has become one of the biggest catalysts after World War II, the Foreign Minister said that health experts around the world were doing everything possible to devise strategies to stop the virus until a vaccine could be made.
He reiterated that Pakistan wants peaceful relations with all neighbouring countries for peace and stability in the region.
Qureshi underscored the need to establish new shopping centres in the region to strengthen economic and trade relations.
Iftikhar Ali Malik expressed his appreciation for his greetings and said that the economy should be the most important agenda for the South Asian Regional Cooperation Association (SAARC) nations despite challenges and political compulsions.
He assured the minister that he would put all his efforts to realize the 2030 vision as well as accelerate efforts to forge closer bilateral and regional partnerships and economic integration within the subcontinent and beyond.
Iftikhar Malik said that due to the lack of physical infrastructure to unleash the region’s economic potential, SAARC CCI had also identified some energy, connectivity and value-added utilization projects in the information technology sector.
He said that a favourable investment environment to promote trade in the region if the appropriate measures were taken in time to remove trade barriers and streamline customs procedures, intra-regional trade in South Asia would almost quadruple from the current $28 billion to over $ 100 billion.
He appreciated Prime Minister Imran Khan’s vision and efforts to promote regional peace and stability and hoped that, under his dynamic leadership, Pakistan would be on the path to progress and prosperity.
(Sahar News Monitoring Desk)

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