KARACHI: Pakistan’s business community has called for stronger regional trade integration among South Asian nations, noting that intra-regional trade within SAARC countries remains limited to just 5 percent despite vast potential.
Rafique Suleman, spokesperson for the Businessmen Panel (BMP) South and former Chairman Rice Exporters Association of Pakistan (REAP) has congratulated the leadership of SAARC Chamber of Commerce & Industry’s (SAARC CCI), particularly Anjum Nisar Vice President SAARC Chamber, for the completion and inauguration of the SAARC Chamber headquarters in Islamabad. He said this is a positive development for the regional trade promotion as the newly established SAARC headquarter would help facilitate trade, policy dialogue, and research-driven initiatives.
He expressed optimism that the new infrastructure would support efforts to enhance economic cooperation and provide a platform for joint strategies to boost regional commerce.
Suleman highlighted that South Asia, home to nearly 20 percent of the world’s population, offers a massive consumer base and production capacity, yet remains one of the least economically integrated regions. He stressed that if trade among SAARC countries is promoted effectively, it could significantly improve economic indicators across member states and reduce dependence on extra-regional markets.
Drawing comparisons with other blocs, he noted that intra-regional trade stands at around 36 percent in ASEAN and over 60 percent in the European Union, while trade between SAARC is limited to 5 percent. He said this disparity reflects structural and policy gaps that need to be addressed through coordinated efforts.
He urged governments of the SAARC countries to set aside minor political differences and focus on economic collaboration by easing trade barriers, improving connectivity, and harmonising regulations. He also called for greater cooperation in sectors such as tourism, healthcare, pharmaceuticals, education, and agriculture, which hold strong potential for cross-border partnerships.
Suleman further emphasised the importance of expanding research and development under the SAARC platform to identify new trade avenues and improve competitiveness. He added that promoting intra-regional trade would not only strengthen economies but also create employment opportunities and enhance the overall welfare of people in the region.
He concluded that with the right policy direction and collective commitment, SAARC countries can unlock their true economic potential and move towards a more integrated and prosperous regional economy.
Copyright Business Recorder, 2026
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