AIRLINK 177.00 Decreased By ▼ -0.56 (-0.32%)
BOP 11.21 Increased By ▲ 0.16 (1.45%)
CNERGY 8.32 Increased By ▲ 0.15 (1.84%)
FCCL 48.28 Increased By ▲ 0.96 (2.03%)
FFL 16.46 Increased By ▲ 0.34 (2.11%)
FLYNG 27.22 Decreased By ▼ -0.13 (-0.48%)
HUBC 145.88 Decreased By ▼ -1.03 (-0.7%)
HUMNL 13.65 Increased By ▲ 0.14 (1.04%)
KEL 4.48 Decreased By ▼ -0.02 (-0.44%)
KOSM 5.93 Increased By ▲ 0.02 (0.34%)
MLCF 62.89 Increased By ▲ 0.87 (1.4%)
OGDC 231.99 Decreased By ▼ -2.69 (-1.15%)
PACE 5.80 No Change ▼ 0.00 (0%)
PAEL 45.98 Decreased By ▼ -0.43 (-0.93%)
PIAHCLA 18.05 Decreased By ▼ -0.07 (-0.39%)
PIBTL 10.70 Increased By ▲ 0.13 (1.23%)
POWER 12.04 Increased By ▲ 0.05 (0.42%)
PPL 189.85 Decreased By ▼ -1.95 (-1.02%)
PRL 37.87 Increased By ▲ 0.55 (1.47%)
PTC 23.14 Decreased By ▼ -0.06 (-0.26%)
SEARL 101.50 Increased By ▲ 0.61 (0.6%)
SSGC 39.20 Decreased By ▼ -0.51 (-1.28%)
SYM 14.95 Decreased By ▼ -0.08 (-0.53%)
TELE 7.87 Increased By ▲ 0.03 (0.38%)
TPLP 11.15 Increased By ▲ 0.04 (0.36%)
TRG 66.31 Decreased By ▼ -0.98 (-1.46%)
WAVESAPP 11.20 Decreased By ▼ -0.15 (-1.32%)
WTL 1.36 No Change ▼ 0.00 (0%)
YOUW 3.75 Decreased By ▼ -0.02 (-0.53%)
BR100 12,944 Increased By 137.9 (1.08%)
BR30 39,545 Decreased By -158.4 (-0.4%)
KSE100 119,992 Increased By 1053.4 (0.89%)
KSE30 37,193 Increased By 436.4 (1.19%)

ISLAMABAD: Commerce Minister Jam Kamal and Economic Cooperation Organization (ECO) Secretary General Ambassador Khusrav Noziri on Friday discussed regional trade dynamics and the future direction of the ECO.

During the meeting, Minister Kamal lauded Ambassador Noziri for his exceptional service to the ECO and expressed confidence that his successor Ambassador Asad Majeed Khan would continue to advance the organisation’s activities. Kamal underscored Pakistan’s commitment to the ECO, highlighting its significant contributions to the organisation’s initiatives.

Noziri provided an overview of the ECO’s recent activities and emphasised the ongoing reforms aimed at enhancing the organisation’s regional and global influence.

He expressed optimism that these reforms would continue under the new secretary general, strengthening the organisation’s impact.

The discussion focused on strategies to boost intra-regional trade and enhance connectivity among member states. Both sides reviewed the progress of ECO-Vision 2025, which was adopted during the 13th ECO Summit in Islamabad in 2017.

Minister Kamal highlighted Pakistan’s visa-free policy for 126 countries as a model to enhance trade cooperation globally and suggested a similar ECO visa policy to facilitate trade among member states. Quorum issues for ECO meetings were also addressed to ensure effective decision-making and policy formulation.

Ambassador Noziri acknowledged Pakistan’s pivotal role in the organisation, both in trade and political spheres, being a founding member of the ECO. Minister Kamal emphasised the need for concrete and results-oriented policies to promote sustainable development in the region.

He assured the secretary general full support for the ECO reform agenda and reaffirmed Pakistan’s commitment to enhancing intra-regional trade.

Noziri also appreciated Pakistan role in ECO and initiatives undertaken by Pakistan and suggested expanding the ECO by including Georgia and Armenia to strengthen ties between Central Asia and South Asia, with Pakistan taking a leading role.

Highlighting the need for improved connectivity, Noziri mentioned the rehabilitation of Quetta-Taftan corridor as crucial for better regional integration. He reiterated the importance of focusing on trade enhancement to make the ECO more effective in its mandate.

Copyright Business Recorder, 2024

Comments

Comments are closed.