AIRLINK 165.36 Decreased By ▼ -10.19 (-5.8%)
BOP 10.39 Decreased By ▼ -0.62 (-5.63%)
CNERGY 7.83 Decreased By ▼ -0.46 (-5.55%)
FCCL 45.65 Decreased By ▼ -1.58 (-3.35%)
FFL 15.12 Decreased By ▼ -0.90 (-5.62%)
FLYNG 26.48 Decreased By ▼ -0.83 (-3.04%)
HUBC 135.28 Decreased By ▼ -7.04 (-4.95%)
HUMNL 12.85 Decreased By ▼ -0.45 (-3.38%)
KEL 4.19 Decreased By ▼ -0.25 (-5.63%)
KOSM 5.47 Decreased By ▼ -0.43 (-7.29%)
MLCF 59.43 Decreased By ▼ -2.37 (-3.83%)
OGDC 213.07 Decreased By ▼ -13.70 (-6.04%)
PACE 5.41 Decreased By ▼ -0.36 (-6.24%)
PAEL 42.01 Decreased By ▼ -2.79 (-6.23%)
PIAHCLA 17.05 Decreased By ▼ -0.83 (-4.64%)
PIBTL 9.93 Decreased By ▼ -0.54 (-5.16%)
POWER 11.79 Decreased By ▼ -0.23 (-1.91%)
PPL 174.79 Decreased By ▼ -11.13 (-5.99%)
PRL 34.36 Decreased By ▼ -2.80 (-7.53%)
PTC 22.70 Decreased By ▼ -1.35 (-5.61%)
SEARL 93.75 Decreased By ▼ -6.54 (-6.52%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.11 Decreased By ▼ -2.40 (-6.23%)
SYM 13.48 Decreased By ▼ -1.27 (-8.61%)
TELE 7.12 Decreased By ▼ -0.61 (-7.89%)
TPLP 10.21 Decreased By ▼ -0.82 (-7.43%)
TRG 60.93 Decreased By ▼ -5.07 (-7.68%)
WAVESAPP 10.28 Decreased By ▼ -0.69 (-6.29%)
WTL 1.28 Decreased By ▼ -0.07 (-5.19%)
YOUW 3.70 Decreased By ▼ -0.08 (-2.12%)
BR100 12,314 Decreased By -512.5 (-4%)
BR30 36,508 Decreased By -2353.5 (-6.06%)
KSE100 114,909 Decreased By -3882.2 (-3.27%)
KSE30 35,541 Decreased By -1237.5 (-3.36%)

KARACHI: Deputy Prime Minister and Foreign Minister Ishaq Dar emphasized that trade restrictions remain the biggest hurdle for South Asia, with a mere 5 percent of internal trade conducted within the region.

Dar made these remarks while addressing the “South Asia Economic Outlook: Challenges and Opportunities” SAFA Conference, organized by the Institute of Chartered Accountants Pakistan (ICAP) via Zoom.

Dar stressed the importance of discussing trade agreements and alternative energy sources, highlighting the potential for growth in accounting services and exports. He expressed hope that the SAFA Conference would provide valuable recommendations for regional development.

The Deputy Prime Minister also underscored the significance of unity, stating it is the region’s core strength. He reaffirmed Pakistan’s commitment to its reform agenda, aiming to create a conducive environment for investment and exports.

CA Sri Lanka President Heshana Kuruppu congratulated Ashfaq Tola on his election as SAFA President, noting that SAFA represents 475,000 members. Kuruppu emphasized the need for collective progress in implementing open policies, empowering women, and addressing governance challenges.

SAFA President Ashfaq Tola said that South Asia, home to 1.92 billion people, contributes only 5% to global trade. In contrast, ASEAN, with a smaller population, contributes 25%.

Tola announced plans to approach finance ministers across the region to advocate for a unified policy aimed at enhancing the prosperity of the common man.

Copyright Business Recorder, 2025

Comments

Comments are closed.

Fatimaa Jan 11, 2025 10:17pm
Am sure pakistan banned trade with India in 2019, so surely its the governments choice to retain status quo?
thumb_up Recommended (0)