Regional peace a key to boost economic activities: Arif Alvi

by index360

LAHORE: President of Pakistan Dr. Arif Alvi has said that peace is a key to achieve increased economic cooperation among the regional countries including the Central Asian Republics. Issue of Kashmir would have to be resolved to establish a sustainable peace in the region.

President Alvi, while speaking with business community and diplomats said further said that regional countries desire the promotion of trade and economic cooperation in the region for which peace is a must. He said that peace in this region cannot be established until and unless dispute of Kashmir is not resolved.

“Owing to present government’s prudent economic policies including the measures for ease of doing business, Pakistan is on the path of economic recovery and has performed well despite the COVID-19 challenge”, Alvi said.

The President also mentioned recent signing of a Memorandum of Understanding for Uzbekistan-Afghanistan-Pakistan Rail project from Mazar-e-Sharif to Peshawar through Kabul and said the realization of the project will provide a trade corridor for the promotion of regional trade. He added that Pakistan and Central Asian states are promoting aerial and land routes.

He said that that the policies have been designed in a manner to ensure a conducive business environment for domestic and foreign investors in Pakistan.

Alvi said the government adopted a practical policy during coronavirus pandemic to avoid losses to the businesses and the economy.

He added that the government has introduced various programs for the youth so that they can play a key role in economic development of the country. “It is necessary to bring women folk in mainstream for national development besides creating job opportunities for them”.

He added that special persons should also be made part of the social and economic activities. He said that there is a huge potential in information technology and tourism sectors of Pakistan.

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