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World Islamic Economic Forum 2012: Pakistan seeks enhanced intra-state cooperation

Islamabad, December 04, 2012 (PPI-OT): Pakistan has underscored a sound framework to increase intra-state cooperation and deepen economic relations among the Muslim countries to tackle issues such as shortage of energy, food, water security and sustainable development for the people, says a press release received here today from Malaysia.

“Such intra-Islamic cooperation is also critical to ensure greater focus and investment of resources on education and promotion of science and technology cooperation,” said Federal Defence Minister Syed Naveed Qamar while representing Pakistan at the 8th Annual Meeting of the World Islamic Economic Forum (WIEF) held at Johor Bahru, Malaysia.

Malaysian Prime Minister Dato Sri Najib Tun Abdul Razak and WIFE Chairman Tun Musa Hitam were also present among other leaders and delegates. Syed Naveed Qamar underscored skill development and capacity building of human resource within the Muslim countries to create greater demands in the national and international markets and called for sharing “our financial and commodity surpluses through institutional mechanisms”. “We should share best practices and create complementarities … to promote an unhindered flow of capital, labour, goods and services,” he said.

The Minister noted that collective progress and prosperity could only be achieved through reforms at national levels and cited the case of Pakistan which “commenced a journey in 2008 towards a better future for our people”. “Over the past five years our government with the support of the resilient people of Pakistan has been implementing bold policies to bring about equitable socio-economic development in the country,” he said.

He further informed the delegates that Pakistan had introduced “wide-ranging reforms” to keep the fundamentals of the economy strong as reflected in the robustness of stock markets and the success of initiatives such as Benazir Income Support Programme to pull millions out of poverty.

He said Pakistan had emerged as “one of the most attractive destinations for making investments”. “The challenges exist, but we have proved to be resilient and are well on our way to sustained growth,” he said, inviting businessmen and investors from Muslim countries to come to invest in Pakistan and take advantage of the “enormous investment opportunities with a highly attractive investment regime”.

Highlighting the contribution made by Pakistan to various activities and events of the Forum, Syed Naveed Qamar particularly mentioned the 2nd meeting of the Forum which was hosted by Pakistan in November 2006 and proved to be a milestone in setting direction for the Forum’s future agenda and evolving strategies for creating better understanding of the business opportunities and integration with the global economy. “Today, it is quite heartening to see that the Forum has expanded its outreach to encompass other important groups of our societies, including active participation of women and the youth,” he noted.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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