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Asia to Be Nucleus of Economic Growth
Source: brecorder.com
Source Date: Sunday, January 20, 2013
Focus: Internet Governance
Created: Jan 22, 2013

The world economy has witnessed unprecedented changes and undoubtedly the changes in South Asia are going to influence the global economy like never before and Asia will be the nucleus of economic growth.

Talking to a high level delegation of Indian importers and exporters here Sunday, Vice President SAARC Chamber of Commerce and Industry (SCCI) Pak chapter Iftikhar Ali Malik said that at this appropriate time SCCI is now also designed to be a global platform and will help forge new business alliance across the region and abroad and help image building of South Asia as a region of great potential for trade and investment.

He said that the world today has now become a global village.

The integration of business and multinational firms has made the world a smaller place to live in, he said and added distances and time are no longer the constraints for business across the globe. He said a business in UK may have its operational department in Pakistan.

Its Human Resource Department in India and its help support in Sri Lanka.

Iftikhar Ali Malik said with the rapid advancement of technology, the need for sustainability and survival has become crucial perspective for firms throughout the world as competition grows gruesome.

He said that current global crunch has become a setback for countries throughout the world especially in developing and transition economies.

Therefore, regional co-operation is one of the most important phenomena today which he added has now become inevitable as the process of globalization is still at large.

He said that SAARC region should emphasis on joining hands in trade, agriculture and economic activities which must refrain animosities for the region.

The Vice President said that he was confident that deeper and sustained interaction between the governments and the private sectors stakeholder,would compliment the ongoing inter-governmental efforts in SAARC to expand,develop and promote trade among the South Asian countries.

Leader of Indian delegation Parampal Singh thanked Iftikhar Ali Malik for extending maximum co-operation for having one on one interaction with pak counterparts and facilitated for holding meetings with chambers besides hosting a sumptuous lunch in their honour at his residence.
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