Iftikhar Ali Malik advocates for Pakistan's regional trade growth

Pakistan finds itself at a crucial moment in its economic journey, aiming to maximize trade opportunities in Asia and strengthen ties with neighboring nations. The strategic significance of Pakistan's geographical location as a vital trade link between Central Asia, South Asia, and the Middle East has been highlighted by experts.

Former President of SAARC Chamber of Commerce and Industry, Iftikhar Ali Malik, emphasized the importance of Pakistan's role as an ideal hub for regional commerce. To capitalize on this position, Pakistan must actively engage with countries like China, Iran, and Afghanistan.

The China-Pakistan Economic Corridor (CPEC) stands out as a successful model of collaboration, offering infrastructural growth and expanded trade prospects. By fostering trade relations with neighboring countries, Pakistan can tap into a market of over a billion consumers, despite existing political challenges.

Iran emerges as a promising trade partner for Pakistan, given its abundant energy resources. Strengthening ties with Iran not only ensures energy security but also supports Iran's economic diversification efforts.

Furthermore, a stable Afghanistan opens up avenues for trade and transit routes to Central Asia, enhancing regional connectivity. Key trade partners like the European Union and the United States play a crucial role in sectors such as textiles and agriculture.

Adherence to international trade regulations, maintenance of quality standards, and fostering a conducive business environment are vital for sustaining these partnerships. Pakistan's trade strategy should focus on deepening regional ties while nurturing relationships with Western trade allies.

This comprehensive approach requires diplomatic finesse, strong economic policies, and a commitment to regional stability. By implementing this strategy, Pakistan can position itself as a significant player in regional trade, fostering economic growth and prosperity both at home and across Asia.