SAARC chamber’s VP vows to boost trade in SAARC

KARACHI: Vice President of SAARC Chamber of Commerce (SCC), Iftikhar Ali Malik has expressed resolve that SCC

will be sincerely and seriously pursuing its mission to boost trade in SAARC states. The efforts are also being made to launch a common currency for SAARC block on the patron of European Union, he said. Malik, in a statement here on Wednesday, said the trade among the SAARC countries depend on better Indo-Pak ties and increased economic cooperation.

He was hopeful that Pakistan and Indian relationship will improve further after Indian Prime Minister Narendra Modi’s telephonic call to Prime Minister Mohammad Nawaz Sharif to acknowledge Pakistan’s humanitarian gesture by helping out Indians trapped in Yemen.

He unveiled that the Indian minister will be extended special and formal invitation to attend the inaugural ceremony of the newly constructed building of SAARC Chamber of Commerce in Islamabad. Modi has expressed his willingness to grace this event, he claimed.

He said Pakistan will get the chairmanship of SAARC chamber of commerce after two years and it will prove very fruitful in increasing the trade among SAARC members. Iftikhar Ali Malik, who is also Chairman of United Business Group at Federation of Pakistan Chambers of Commerce and Industry (FPCCI), emphasized on collective and target oriented efforts at every level for making Pakistan Asian economic tiger and a very progressive state.

He noted that gross domestic product (GDP) of the country has increased due to better policies of the government. It is very encouraging that Pakistan’s rating in the world has improved and now foreign investors are showing great interest to invest in different sectors of the country.

He appreciated the business community that despite various problems, including shortage of electricity, gas, and law and order issues, they have performed good. Now, with improvement in infrastructure and in law and order situation, the country will witness rapid industrial growth.

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