KARACHI - With changing global scenario, trade is coming to Asia. Europe has reached to its peak while Asian region has been rising economically.

This was observed by President Federation of Pakistan Chambers of Commerce and Industry, Senator Haji Ghulam Ali during an interaction with media here at Federation House on Saturday.

He said that European Union after having the highest rate of economic growth and becoming strong economic base is showing downward tendency. Asia especially SAARC member countries would have a very important role in future. SAARC states must respond very seriously to the ongoing global changes.

 These countries need to develop better and more active ties and cooperation with each other for the good of their people. The world has realized the importance of regional trade. We also should do the same, he said.

“World economic experts are unanimous that closer and active working relations with the neighbouring countries are essential for economic prosperity of a country,” he added. He emphasized that SAARC and ASIAN blocks should do trade in one currency and should have one visa.

“If Germany, France and European Union can use one visa and one currency, why not SAARC and ASIAN,” Senator Ali questioned. FPCCI President said that Pakistan can be very attractive for international investors as the workforce is very much available here and its cost is comparatively lower.

“If environment is good in Torkham area, we can reach CARs within 7 to 8 hours. We can also touch Russia through these states,” he explained.