Federation of Pakistan Chambers of Commerce & Industry President says Asia will have “very important economic role in future”

KARACHI: President, Federation of Pakistan Chambers of Commerce & Industry FPCCI Senator Haji Ghulam Ali says with speedy changes in global economics scenario, particularly Europe where economics development achieved its optimum level and growth becomes stagnate that demanding reforms in prevailing political economics system as in past they had significant economics prosperity especially South Asia region.

Talking to newsmen here on Saturday, he said European Union after having highest rate of economic growth and becoming strong economic base is showing “downward tendency. Asia especially SAARC member states would have a very important role in future. SAARC states must respond very seriously to ongoing global changes.

“SAARC countries need to develop better and more active ties, cooperation with each other for good of their people. The world has realized importance of regional trade. We also should do the same. World Economic experts are unanimous that closer and active working relations with neighbouring countries are essential for economic prosperity,” he observed.

He felt SAARC and ASEAN blocks should do trade in one currency and have one visa. “If Germany, France and European Union can use one visa and one currency, why not SAARC and ASEAN.”

He said Pakistan can be very attractive for international investors as its workforce is very much available here and its cost comparatively lower. He spoke of FPCCI achievements during his presidentship for last one year, and said it increased interaction with Federal, Provincial and Local Governments, other concerned authorities for resolving business community’s problems. FPCCI also focused on Central Asian Republics which have a big potential for trade and investment in future. “If environment is good in Torkham area, we can reach CARs within 7 to 8 hours. We can also touch Russia through these states.”

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