LCCI OIC Ambassadors conference would help boost intra-Islamic trade: PIAF Chairman

LAHORE: Second LCCI OIC Ambassadors Conference was a great success by all means and would be doing a big boost to intra-Islamic countries trade through mutual understanding and sharing of research in various economic areas.

This was stated by the Acting Piaf Chairman Khamis Saeed Butt in a statement issued here Monday. He said that the Lahore Chamber of Commerce and Industry had achieved a great milestone by successfully holding OIC Ambassadors and Trade Conference.

The PIAF Acting Chairman said that there was no doubt in it that the Islamic countries are natural partners of each other but it was very unfortunate that the total trade among them was far less than what they were doing with the rest of the world.

Khamis Saeed Butt said that the Joint Declaration adopted by the participants of the OIC Ambassadors Conference would go a long way in paving the way for removal of impediments to trade among these states.

He said that the LCCI initiative was well timed as the government had already launched campaign to attract foreign investment and increase exports. He hoped that that the Foreign Office and Pakistani missions in the Islamic countries would avail this opportunity to attract investment from all OIC countries.

The PIAF Acting Chairman said that Prime Minister Nawaz Sharif had already given his vision on trade liberalization therefore it is hoped that the concerned government department would evolve an action plan in accordance with the OIC Ambassadors Conference declaration.

Khamis Butt said that the upward movement of key economic indicators had already raised the confidence of the private sector. He said that if the government wanted to ensure consistency in the economic achievements, it would have to make the business community part of the policy making process.

The PIAF leader said that in the past the previous government could not achieve considerable success on the economic front only because of less interaction with the stakeholders. He said that a very positive situation was emerging on the economic scene only because of the government’s business friendly attitude.

He expressed the optimism that all the government institutes would help support the private sector in its endeavour to increase intra-OIC trade and economic relations without5 any further delay.

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