Published On: Tue, Nov 6th, 2018
Published in Category: Lahore

China’s greater role imperative for South Asian region’s prosperity and development, Iftikhar Malik

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Lahore: SAARC Chamber Senior Vice President Iftikhar Ali Malik vehemently urged on Monday for deeper economic cooperation with China saying that this collaboration will usher in a new era of progress, prosperity, development, economic growth and welfare of the people of the region.

Talking to a Chinese delegation led by Wang Wei here today, Iftikhar Malik said that China-South Asia economic cooperation would change the global economic order to add prosperity in the region.

He also termed Prime Minister Imran Khan’s visit to China a big success for Pakistan as it would help Pakistan steering out of the quagmire of economic crisis. He said Imran Khan’s long run economic approach would also put Pakistan on the path of self-reliance.

Iftikhar Malik said Imran Khan has a vision and dynamic leadership quality and he can play constructive role to strengthen SAARC by bringing China in the folder of South Asian countries which would be harbinger of prosperity and peace in the region.

He said that South Asia is mired in several crisis and conflicts at the moment due to various unresolved political and geographical factors and all these issues would be resolved effectively through strong regional connectivity and business to business contacts. Highlighting the role of

China in building the South Asian economy, he said China is the world’s second largest economy and a global power.

“China has huge foreign reserves and is massively investing in infrastructure in different parts of the world. The cash-strapped SAARC is in dire need of foreign investments to tap into its natural resources.

China’s entry will undoubtedly bring dramatic economic changes to the region and the lives of its people,” he added.

He said since the creation of the SAARC Chamber in 2006, the bilateral trade between China and the South Asian countries increased with a tremendous growth rate of 15% annually. He said that South Asia and Southeast Asia have become new driving engines for global economic growth in the region. “Countries within this region are economically complementary and regional cooperation has great potential.”

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