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July 3, 2020

SAARC platform to be used for developing business linkages

National

July 3, 2020

Islamabad: A delegation of Islamabad Chamber of Commerce & Industry led by President Muhammad Ahmed Waheed met with Iftikhar Ali Malik and congratulated him on assuming the charge of President, SAARC Chamber of Commerce and Industry.

The delegation also congratulated Zubair Ahmed Malik, former President ICCI for his election as Executive Member SAARC CCI. Tahir Abbasi Senior Vice President, Saif ur Rehman Khan Vice President ICCI, Mian Akram Farid Chairman ICCI Founder Group, SheikhTariq Sadiq, Mian Shaukat Masud, Muhammad Ejaz Abbasi, Ch. Waheed ud Din, Atif Ikram Sheikh, Sheikh Amir Waheed, Karim Aziz Malik, Malik Sohail Hussain, Muhammad Naveed Malik, Mahmood Ahmed Warraich, Muhammad Shakeel Munir, Ashfaq Chatha and others were in the delegation. Mian Anjum Nisar, President FPCCI, Senator Haji Ghulam Ali Vice President SAARC CCI and others were also present at the occasion.

Addressing the delegation, Iftikhar Ali Malik said that as President SAARC CCI, he would focus on improving Pakistan’s trade relations with SAARC member states. He said that he would use SAARC CCI platform for developing strong networking and business linkages between the private sectors of SAARC countries to capitalise on the trade potential of SAARC Region. He said that trade among the SAARC region was just 7%, which was far less than the trade among other regional blocks like EU ASEAN and NAFTA and improving trade among the SAARC region would be his key priority. He thanked ICCI delegation for congratulating him and assured that he would work in cooperation with trade bodies of Pakistan to explore new opportunities for Pakistani business community in SAARC region. He further said that he would try to complete the building of SAARC CCI Headquarters in Islamabad to make it functional.

Speaking at the occasion, Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry (ICCI) congratulated Iftikhar Ali Malik on taking over charge as President SAARC Chamber of Commerce & Industry and hoped that his tenure would be instrumental in starting a new era of growing trade and economic relations among SAARC member states. He said that Iftikhar Ali Malik was an experienced business leader with great exposure in SAARC countries and his election as President SAARC CCI would bring beneficial outcomes for the economy of Pakistan.

He said that Iftikhar Ali Malik should focus on promoting business linkages between young entrepreneurs of SAARC countries that would be helpful in boosting trade in SAARC Region.

He said that Zubair Ahmed Malik has detailed knowledge on SAARC countries and hoped that as Executive Member SAARC CCI, he would contribute to promoting business interests of SAARC countries. He said that if appropriate steps were taken to remove trade barriers and streamline custom procedures, intra-regional trade in SAARC countries could be increased manifold.

He assured that ICCI would extend full cooperation to him in his endeavours aimed at enhancing Pakistan’s trade and exports with SAARC member states.

Mian Akram Farid, Chairman, ICCI Founder Group said that Iftikhar Ali Malik has rendered outstanding services for the business community of Pakistan in various capacities and hoped that his elevation to the Presidency of SAARC Chamber of Commerce and Industry would bridge the trade gap and strengthen trade relations among SAARC region.

He said that SAARC countries have the potential to achieve better economic growth by utilizing the natural resources of each other. He said that Nepal has plenty of hydropower potential while some other countries have comparative advantages in various fields and hoped that Iftikhar Ali Malik would play a role to exploit the natural sources of the SAARC region for the sustainable economic development of SAARC countries.